NPORT-EX 2 vg_palttaxexempt.htm
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
Schedule of Investments (unaudited)
As of February 28, 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 Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Tax-Exempt Municipal Bonds (100.5%)
Pennsylvania (99.2%)
  Abington School District GO 4.000%  10/1/38  2,555     2,568
  Adams County General Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/39  1,750     1,865
  Adams County General Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/44  2,350     2,444
  Adams County General Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/54  3,100     3,151
  Adams County General Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/59  2,000     2,025
1 Allegheny County Airport Authority Port, Airport & Marina Revenue 5.250%   1/1/48  1,000     1,086
  Allegheny County Airport Authority Port, Airport & Marina Revenue 5.000%   1/1/51  5,250     5,449
1 Allegheny County Airport Authority Port, Airport & Marina Revenue 5.250%   1/1/53  1,000     1,078
  Allegheny County Airport Authority Port, Airport & Marina Revenue 5.000%   1/1/56  9,000     9,319
  Allegheny County Higher Education Building Authority College & University Revenue 4.000%   3/1/31  1,550     1,562
  Allegheny County Higher Education Building Authority College & University Revenue 4.000%   3/1/37  1,050     1,068
  Allegheny County Higher Education Building Authority College & University Revenue 5.000% 10/15/37  1,000       966
  Allegheny County Higher Education Building Authority College & University Revenue 4.000%   3/1/38  1,105     1,118
  Allegheny County Higher Education Building Authority College & University Revenue 4.000%   3/1/39  2,000     2,016
  Allegheny County Higher Education Building Authority College & University Revenue 4.000%   3/1/40  2,120     2,126
  Allegheny County Higher Education Building Authority College & University Revenue 4.000%   3/1/41  3,000     2,977
  Allegheny County Higher Education Building Authority College & University Revenue VRDO 1.250%   3/3/25  1,810     1,810
  Allegheny County Higher Education Building Authority College & University Revenue, Prere. 5.000%   3/1/25     25        25
  Allegheny County Higher Education Building Authority College & University Revenue, Prere. 4.000%   3/1/26     10        10
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/33  2,000     2,092
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/34  4,750     4,963
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/35  5,500     5,738
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/35  2,530     2,567
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/36  5,250     5,470
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/36 11,190    11,310
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/37  5,250     5,293
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/38  2,250     2,259
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/39  1,500     1,495
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/44 26,585    25,021
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/47 15,515    15,803
2 Allegheny County IDA Charter School Aid Revenue 3.000%  6/15/31  1,060       967
2 Allegheny County IDA Charter School Aid Revenue 4.000%  6/15/41  1,895     1,666
  Allegheny County IDA Charter School Aid Revenue 4.000%  6/15/41  2,815     2,509
2 Allegheny County IDA Charter School Aid Revenue 4.000%  6/15/51  3,165     2,575
  Allegheny County IDA Charter School Aid Revenue 4.000%  6/15/51  2,100     1,724
  Allegheny County IDA Charter School Aid Revenue 4.000%  6/15/56  2,335     1,868
3 Allegheny County IDA Private Schools Revenue VRDO 1.830%   3/6/25  1,300     1,300
  Allegheny County PA GO 4.000%  11/1/34    915       938
  Allegheny County PA GO 4.000%  11/1/35  1,225     1,254
  Allegheny County PA GO 5.000%  11/1/41  5,015     5,129
  Allegheny County PA GO 5.000%  12/1/41  1,500     1,651
  Allegheny County PA GO 5.000%  12/1/42  1,250     1,367
  Allegheny County PA GO 5.000%  12/1/44    575       621
  Allegheny County PA GO 5.000%  12/1/49  5,000     5,304
  Allegheny County PA GO 5.000%  12/1/54  4,510     4,759
3 Allegheny County PA GO VRDO 1.830%   3/6/25    415       415
1 Allegheny County Sanitary Authority Sewer Revenue 4.000%  12/1/31    805       816
  Allegheny County Sanitary Authority Sewer Revenue 4.000%   6/1/35  1,100     1,124
1 Allegheny County Sanitary Authority Sewer Revenue 4.000%  12/1/35  2,650     2,676
  Allegheny County Sanitary Authority Sewer Revenue 4.000%   6/1/36  1,500     1,530
  Allegheny County Sanitary Authority Sewer Revenue 3.000%   6/1/37    600       549
  Allegheny County Sanitary Authority Sewer Revenue 3.000%   6/1/38  1,125     1,026
  Allegheny County Sanitary Authority Sewer Revenue 3.000%   6/1/39  5,000     4,497
  Allegheny County Sanitary Authority Sewer Revenue 4.000%  12/1/41  1,965     1,980
  Allegheny County Sanitary Authority Sewer Revenue 5.000%   6/1/43  5,000     5,184
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/43  1,255     1,362
  Allegheny County Sanitary Authority Sewer Revenue 4.000%  12/1/44  1,305     1,294
  Allegheny County Sanitary Authority Sewer Revenue 5.000%   6/1/45  2,500     2,586
  Allegheny County Sanitary Authority Sewer Revenue 5.750%   6/1/47  5,000     5,620
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/49  1,435     1,525
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Allegheny County Sanitary Authority Sewer Revenue 5.750%   6/1/52 10,500    11,684
  Allegheny County Sanitary Authority Sewer Revenue 5.000%   6/1/53  4,000     4,219
  Allegheny County Sanitary Authority Sewer Revenue 5.000%  12/1/55  1,410     1,489
  Allegheny County Sanitary Authority Sewer Revenue 5.250%  12/1/55  3,250     3,493
4 Allegheny Valley Joint School District GO 2.000%  11/1/32    500       429
4 Allentown City School District GO 5.000%   2/1/32  3,075     3,279
4 Allentown City School District GO 5.000%   6/1/32  1,465     1,495
4 Allentown City School District GO 4.000%   2/1/34  1,500     1,526
4 Allentown City School District GO 5.000%   2/1/34  1,300     1,376
4 Allentown City School District GO 4.000%   2/1/35  1,175     1,192
4 Allentown City School District GO 5.000%   6/1/35  2,000     2,039
4 Allentown City School District GO 4.000%   2/1/36  1,100     1,113
4 Allentown City School District GO 5.000%   6/1/36  1,500     1,529
5 Allentown City School District GO 5.000%   6/1/44    830       888
5 Allentown City School District GO 5.000%   6/1/45    910       971
5 Allentown City School District GO 5.000%   6/1/46    500       533
2 Allentown Commercial & IDA Charter School Aid Revenue (Executive Education Academy Charter School Project) 5.000%   7/1/40  1,500     1,537
2 Allentown Commercial & IDA Charter School Aid Revenue (Executive Education Academy Charter School Project) 5.000%   7/1/45  1,500     1,501
2 Allentown Commercial & IDA Charter School Aid Revenue (Executive Education Academy Charter School Project) 5.000%   7/1/50  2,345     2,312
2 Allentown Commercial & IDA Charter School Aid Revenue (Executive Education Academy Charter School Project) 5.000%   7/1/59  3,250     3,167
  Allentown Commercial & IDA Charter School Aid Revenue (Lincoln Leadership Academy Charter School Project) 6.000%  6/15/53  1,000     1,050
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/33  1,100     1,192
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/34  2,250     2,429
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/35  1,000     1,077
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/36  3,130     3,356
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/42 10,375    10,814
2 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 6.000%   5/1/42  3,220     3,391
2 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) 5.125%   5/1/32  1,135     1,154
2 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) 5.250%   5/1/42  2,125     2,143
2 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) 5.375%   5/1/42  3,750     3,770
4 Altoona Area School District GO, Prere. 5.000%  12/1/25  1,500     1,525
1 Altoona PA Sewer Revenue GO 3.000%  12/1/35  3,165     3,025
4 Armstrong School District GO 3.000%  3/15/34  5,605     5,353
  Avon Grove School District Chester County GO 4.000% 11/15/37  1,085     1,103
  Avon Grove School District Chester County GO 4.000% 11/15/38  1,000     1,009
  Avon Grove School District Chester County GO 4.000% 11/15/39    700       705
4 Beaver County PA GO, Prere. 4.000%  4/15/28     50        52
  Berks County IDA Health, Hospital, Nursing Home Revenue 5.000%  5/15/37    375       381
  Berks County IDA Health, Hospital, Nursing Home Revenue 5.000%  5/15/37  2,500     2,539
  Berks County IDA Health, Hospital, Nursing Home Revenue, Prere. 5.000%  5/15/25    700       717
  Berks County IDA Health, Hospital, Nursing Home Revenue, Prere. 5.000%  5/15/25    420       430
  Berks County IDA Health, Hospital, Nursing Home Revenue, Prere. 5.000%  5/15/25    500       512
  Berks County IDA Health, Hospital, Nursing Home Revenue, Prere. 5.000%  5/15/25  1,500     1,536
  Berks County Municipal Authority College & University Revenue (Alvernia University Project) 5.000%  10/1/39  1,300     1,246
  Berks County Municipal Authority College & University Revenue (Alvernia University Project) 5.000%  10/1/49  1,000       885
  Bethel Park Municipal Authority Lease Revenue 3.000%   9/1/47  3,210     2,579
  Bethel Park School District GO 5.000%   8/1/44  1,250     1,369
  Bethel Park School District GO 5.000%   8/1/48  3,000     3,247
  Bethel Park School District GO 5.500%   8/1/48  2,500     2,779
  Bethel Park School District GO 5.000%   8/1/50  3,000     3,230
4 Bethlehem Area School District GO 5.000%  10/1/38  1,000     1,108
4 Bethlehem Area School District GO 5.000%  10/1/40    700       766
4 Bethlehem Area School District GO 5.000%  10/1/41    400       434
4 Bethlehem Area School District GO 5.000%  10/1/42    500       538
4 Bethlehem Area School District GO 5.000%  10/1/43    500       536
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 4.000%  10/1/35  1,500     1,487
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/39  1,220     1,289
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/40  1,275     1,338
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/41  1,340     1,394
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.250%  10/1/49  4,360     4,488
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.500%  10/1/54  3,970     4,124
1 Blue Mountain School District GO 4.000%   8/1/25    385       387
1 Blue Mountain School District GO, ETM 4.000%   8/1/25     75        75
  Boyertown Area School District GO 5.000%  10/1/38    400       431
  Boyertown Area School District GO 5.000%  10/1/40    500       530
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Boyertown Area School District GO 5.000%  10/1/41    500       528
4 Bristol Township School District GO 4.000%   6/1/38  1,500     1,532
4 Bristol Township School District GO 4.125%   6/1/39  1,850     1,893
4 Bristol Township School District GO 4.125%   6/1/40  2,000     2,038
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/37  1,205     1,202
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/47  1,205     1,110
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/52  1,280     1,149
1 Bucks County IDA Health, Hospital, Nursing Home Revenue 3.000%  8/15/53 13,540    10,436
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 4.000%   7/1/46  1,050       941
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 4.000%   7/1/51  3,755     3,235
  Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Luke's University Health Network Project) 4.000%  8/15/35    550       552
  Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Luke's University Health Network Project) 4.000%  8/15/36    900       903
  Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Luke's University Health Network Project) 3.000%  8/15/50  3,000     2,267
  Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Luke's University Health Network Project) 4.000%  8/15/50  3,090     2,817
  Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Luke's University Health Network Project) 3.000%  8/15/53 10,160     7,427
  Bucks County IDA Private Schools Revenue (George School Project) 5.000%  9/15/44  4,965     5,251
1 Bucks County Water & Sewer Authority Sewer Revenue 5.000%  12/1/37    450       506
1 Bucks County Water & Sewer Authority Sewer Revenue 5.000%  12/1/38    500       560
1 Bucks County Water & Sewer Authority Sewer Revenue 5.000%  12/1/39    850       946
1 Bucks County Water & Sewer Authority Sewer Revenue 5.000%  12/1/40  1,625     1,801
1 Bucks County Water & Sewer Authority Sewer Revenue 4.000%  12/1/42  1,750     1,745
1 Bucks County Water & Sewer Authority Sewer Revenue 4.250%  12/1/47  1,925     1,920
1 Bucks County Water & Sewer Authority Sewer Revenue 5.250%  12/1/47  2,175     2,366
2 Bucks County Water & Sewer Authority Special Assessment Revenue TOB VRDO 1.980%   3/6/25  5,600     5,600
  Butler County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/26    525       525
  Butler County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/27    490       490
  Butler County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/28  1,010     1,011
1 Cambria County PA GO 4.000%   8/1/35    700       710
1 Canon Mcmillan School District GO 5.000%  12/1/41  3,000     3,084
  Capital Region Water Revenue 5.000%  7/15/35    500       531
  Capital Region Water Revenue 5.000%  7/15/38  1,000     1,052
  Capital Region Water Sewer Revenue 5.000%  7/15/34  1,000     1,045
  Capital Region Water Sewer Revenue 5.000%  7/15/37  1,815     1,895
  Capital Region Water Sewer Revenue 5.000%  7/15/42  2,665     2,728
  Central Bradford Progress Authority Health, Hospital, Nursing Home Revenue 3.000%  12/1/44  1,500     1,218
  Central Bradford Progress Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/51 15,000    13,622
  Central Dauphin School District GO 4.000%  5/15/34  1,985     2,001
  Central Dauphin School District GO 4.000%  5/15/37  1,000     1,005
  Centre County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/42  1,500     1,541
  Cheltenham Township School District GO, Prere. 5.000%  3/15/25  4,210     4,213
  Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/34  2,675     2,781
  Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   9/1/40  2,500     2,481
  Chester County Health and Education Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%   9/1/46  3,415     2,838
  Chester County Health and Education Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   9/1/50 15,425    14,435
2 Chester County IDA Charter School Aid Revenue 4.250%  10/1/44  1,080     1,004
2 Chester County IDA Charter School Aid Revenue 4.500%  10/1/49    805       749
2 Chester County IDA Charter School Aid Revenue 4.500%  10/1/54    645       594
2 Chester County IDA Charter School Aid Revenue 4.500%  10/1/64  1,280     1,146
  Chester County IDA Recreational Revenue 4.000%  12/1/46  5,000     4,782
  Chester County IDA Recreational Revenue 4.000%  12/1/51  5,000     4,696
  Chester County IDA Recreational Revenue (Longwood Gardens Project) 5.000%  12/1/39  1,000     1,063
  Chester County IDA Recreational Revenue (Longwood Gardens Project) 5.000%  12/1/44  3,215     3,352
  Chester County PA GO 5.000%  7/15/37    635       664
  Chester County PA GO 5.000%  7/15/38    500       557
  Chester County PA GO 5.000%  7/15/39    700       776
  Chester County PA GO 5.000%  7/15/40  1,500     1,653
  Chester County PA GO 5.000%  7/15/41  2,500     2,728
  Chester County School Authority Lease Revenue 5.000%   4/1/43  1,000     1,065
  Chester County School Authority Lease Revenue 5.000%   4/1/45    900       951
  Clarion County IDA Local or Guaranteed Housing Revenue (Clarion University of Pennsylvania Housing Project) 5.000%   7/1/29  2,000     2,002
  Clarion County IDA Local or Guaranteed Housing Revenue (Clarion University of Pennsylvania Housing Project) 5.000%   7/1/33  3,000     3,002
4 Coatesville School District GO 4.250% 11/15/39 12,000    12,184
  Colonial School District GO 3.000%  2/15/39    350       317
  Colonial School District GO 3.000%  2/15/40    700       629
  Commonwealth Financing Authority Appropriations Revenue 5.000%   6/1/30  1,750     1,934
  Commonwealth Financing Authority Appropriations Revenue 5.000%   6/1/31  1,000     1,121
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/27  4,000     4,186
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/29  5,125     5,447
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/30  4,045     4,292
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/31  7,190     7,615
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/32  7,000     7,401
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/35  4,000     4,204
1,6 Commonwealth Financing Authority Tobacco Settlement Funded Revenue 4.000%   6/1/39 32,000    32,089
  Commonwealth of Pennsylvania COP 5.000%   7/1/35    845       885
  Commonwealth of Pennsylvania COP 5.000%   7/1/36  1,000     1,045
  Commonwealth of Pennsylvania COP 5.000%   7/1/37    875       913
  Commonwealth of Pennsylvania COP 5.000%   7/1/38  1,000     1,041
  Commonwealth of Pennsylvania GO 5.000%  8/15/25  1,420     1,435
1 Commonwealth of Pennsylvania GO 5.000%  9/15/25  2,275     2,302
  Commonwealth of Pennsylvania GO 5.000%   1/1/26 10,000    10,191
  Commonwealth of Pennsylvania GO 5.000%   9/1/26  5,000     5,170
  Commonwealth of Pennsylvania GO 5.000%  9/15/26    525       544
1 Commonwealth of Pennsylvania GO 5.000%  9/15/26  9,050     9,369
  Commonwealth of Pennsylvania GO 5.000%  9/15/27 10,000    10,347
  Commonwealth of Pennsylvania GO 5.000%   9/1/28 12,500    13,463
  Commonwealth of Pennsylvania GO 5.000%   9/1/30  8,200     9,143
  Commonwealth of Pennsylvania GO 4.000%   2/1/31 10,000    10,091
  Commonwealth of Pennsylvania GO 5.000%   3/1/32  5,000     5,321
  Commonwealth of Pennsylvania GO 5.000%   9/1/32  9,300    10,659
1 Commonwealth of Pennsylvania GO 4.000%   3/1/33 15,000    15,344
1 Commonwealth of Pennsylvania GO 4.000%   3/1/34 10,000    10,188
  Commonwealth of Pennsylvania GO 5.000%  10/1/34  5,000     5,723
  Commonwealth of Pennsylvania GO 4.000%   3/1/35  5,500     5,585
  Commonwealth of Pennsylvania GO 3.000%   5/1/35 14,300    13,590
  Commonwealth of Pennsylvania GO 3.000%  5/15/35 15,000    14,139
  Commonwealth of Pennsylvania GO 5.000%  10/1/35 15,000    17,118
  Commonwealth of Pennsylvania GO 3.000%   5/1/36    490       458
  Commonwealth of Pennsylvania GO 3.000%  5/15/36 10,000     9,284
  Commonwealth of Pennsylvania GO 3.000%  9/15/36  1,375     1,261
  Commonwealth of Pennsylvania GO 4.000%   3/1/37 10,000    10,107
  Commonwealth of Pennsylvania GO 4.000%  10/1/37  4,795     4,929
  Commonwealth of Pennsylvania GO 4.000%   3/1/38  2,820     2,850
  Commonwealth of Pennsylvania GO 3.000%   5/1/38 12,975    11,868
  Commonwealth of Pennsylvania GO 2.000%  5/15/38  7,000     5,620
  Commonwealth of Pennsylvania GO 5.000%  10/1/38 10,000    11,267
  Commonwealth of Pennsylvania GO 2.000%  5/15/39  7,375     5,785
  Commonwealth of Pennsylvania GO 4.000%  10/1/39  8,815     8,971
  Commonwealth of Pennsylvania GO 2.000%  5/15/40  6,750     5,181
  Commonwealth of Pennsylvania GO 4.000%   9/1/40 11,250    11,447
  Commonwealth of Pennsylvania GO 2.000%  5/15/41  3,800     2,838
  Commonwealth of Pennsylvania GO 4.000%  8/15/41  5,000     5,051
  Commonwealth of Pennsylvania GO 4.000%   9/1/41 10,000    10,099
  Commonwealth of Pennsylvania GO 4.000%  8/15/42 25,000    25,088
  Commonwealth of Pennsylvania GO 4.000%   9/1/42 10,000    10,037
  Commonwealth of Pennsylvania GO 4.000%   9/1/43 10,000     9,989
  Commonwealth of Pennsylvania GO 4.000%  8/15/44 20,000    19,924
  Conestoga Valley School District GO 3.000%   2/1/37  1,240     1,161
  Conestoga Valley School District GO 3.000%   2/1/38    850       785
4 Connellsville Area School District GO 4.000%  8/15/26  1,685     1,712
1 Conrad Weiser Area School District GO 4.000%   9/1/35    635       643
  Council Rock School District GO 2.050% 11/15/33  1,085       916
  Council Rock School District GO 3.250% 11/15/39  5,010     4,712
  Council Rock School District GO 2.050%  8/15/42  3,000     2,012
  Cumberland County Municipal Authority College & University Revenue 5.000%   5/1/31  1,500     1,532
  Cumberland County Municipal Authority College & University Revenue 5.000%   5/1/32    800       817
  Cumberland County Municipal Authority College & University Revenue 5.000%   5/1/34  1,420     1,450
  Cumberland County Municipal Authority College & University Revenue (Dickinson College Project) 5.000%  11/1/39  4,685     4,864
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/36  1,400     1,414
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue 3.000%  11/1/38  2,475     2,194
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/44  7,185     6,754
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/49  5,000     4,545
4,7 Cumberland Valley School District GO 5.000%  12/1/40    500       541
1 Cumberland Valley School District GO 5.000% 11/15/42  2,000     2,142
4,7 Cumberland Valley School District GO 5.000%  12/1/43    500       535
1 Cumberland Valley School District GO 5.000% 11/15/44  1,500     1,599
4,7 Cumberland Valley School District GO 5.000%  12/1/46  2,300     2,440
1 Cumberland Valley School District GO 5.000% 11/15/47  3,600     3,795
4,7 Cumberland Valley School District GO 5.000%  12/1/49  2,075     2,187
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
4,7 Cumberland Valley School District GO 5.000%  12/1/53  2,150     2,255
  Dallastown Area School District GO 5.000%  3/15/38  1,200     1,293
  Dallastown Area School District GO 5.000%  3/15/39  4,255     4,562
2 Dauphin County General Authority College & University Revenue (The Harrisburg University of Science & Technology Project) 5.125% 10/15/41  1,000       735
2 Dauphin County General Authority College & University Revenue (The Harrisburg University of Science & Technology Project) 6.250% 10/15/53  1,615     1,230
  Dauphin County General Authority Health, Hospital, Nursing Home Revenue (Pinnacle Health System Project) 4.000%   6/1/31  2,190     2,207
  Dauphin County General Authority Health, Hospital, Nursing Home Revenue (Pinnacle Health Systems Project) 4.000%   6/1/30  3,745     3,780
  Dauphin County General Authority Health, Hospital, Nursing Home Revenue (Pinnacle Health Systems Project) 4.000%   6/1/32  2,070     2,084
  Dauphin County General Authority Health, Hospital, Nursing Home Revenue (Pinnacle Health Systems Project) 5.000%   6/1/35  3,925     3,994
  Dauphin County PA GO 5.000% 11/15/42  4,590     4,944
  Dauphin County PA GO 5.000% 11/15/43  2,500     2,676
  Dauphin County PA GO 5.000% 11/15/44  2,225     2,369
1 Deer Creek Drainage Basin Authority Sewer Revenue 2.375%  12/1/46    750       500
1 Deer Creek Drainage Basin Authority Sewer Revenue 2.500%  12/1/51  2,000     1,280
  Delaware County Authority College & University Revenue 5.000%  10/1/35  2,215     2,228
  Delaware County Authority College & University Revenue 5.000%  10/1/39  4,500     4,401
  Delaware County Authority College & University Revenue 5.000%  10/1/42  6,720     6,848
  Delaware County PA GO 5.000%   8/1/46  4,740     5,073
  Delaware County PA GO 5.000%   8/1/48  3,210     3,412
  Delaware County Regional Water Quality Control Authority Water Revenue 5.000%  11/1/41  5,000     5,099
4 Delaware County Vocational & Technical School Authority Lease (Appropriation) Revenue 4.000%  11/1/54  2,500     2,327
4 Delaware River Joint Toll Bridge Commission Highway Revenue 4.000%   7/1/33  4,000     4,003
  Delaware River Joint Toll Bridge Commission Highway Revenue 5.000%   7/1/36  3,500     3,644
  Delaware River Joint Toll Bridge Commission Highway Revenue 5.000%   7/1/42 13,930    14,315
  Delaware River Joint Toll Bridge Commission Highway Revenue 5.000%   7/1/47  3,000     3,046
  Delaware River Port Authority Highway Revenue 5.000%   1/1/37  2,500     2,665
  Delaware River Port Authority Highway Revenue 5.000%   1/1/38    600       639
  Delaware River Port Authority Highway Revenue 5.000%   1/1/40  1,825     1,942
  Delaware Valley Regional Finance Authority Indirect Ad Valorem Property Revenue 5.750%   7/1/32  6,885     7,959
3 Delaware Valley Regional Finance Authority Indirect Ad Valorem Property Revenue VRDO 1.830%   3/5/25    775       775
  Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue 4.000%   3/1/34  6,000     6,335
  Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue 4.000%   3/1/35  6,000     6,327
  Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue 4.000%   9/1/35  2,500     2,630
3 Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue VRDO 1.500%   3/3/25  1,200     1,200
2 Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/31  1,015     1,071
2 Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue 5.375%   7/1/39  1,000     1,089
  Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/45  2,545     2,315
  Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/46  3,285     3,298
  Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/49  2,475     2,499
  Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/26    755       774
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/32    750       774
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/33  1,000     1,030
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/35    500       512
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 3.000%  7/15/39    635       551
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/40    760       767
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 3.000%  7/15/46  3,000     2,135
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/48  7,050     5,760
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/51  5,405     4,372
  East Hempfield Township IDA Local or Guaranteed Housing Revenue (Student Services Inc. Student Housing Project), Prere. 5.000%   7/1/25    825       830
  East Hempfield Township IDA Local or Guaranteed Housing Revenue (Student Services Inc. Student Housing Project), Prere. 5.000%   7/1/25  3,750     3,773
4 Ellwood City Area School District GO 4.500%   6/1/52  1,305     1,317
  Erie City Water Authority Water Revenue, Prere. 5.000%  12/1/26     30        31
  Erie Higher Education Building Authority College & University Revenue (AICUP Financing Program) 5.000%   5/1/47    955       929
  Erie Higher Education Building Authority College & University Revenue (Gannon University Project - Aicup Financing Program) 4.000%   5/1/36    400       382
  Erie Higher Education Building Authority College & University Revenue (Gannon University Project) 5.000%   5/1/32  1,325     1,343
  Erie Higher Education Building Authority College & University Revenue (Gannon University Project) 5.000%   5/1/33  1,395     1,412
  Erie Higher Education Building Authority College & University Revenue (Gannon University Project) 4.000%   5/1/41    475       424
1 Erie School District GO 5.000%   4/1/27    150       156
1 Erie School District GO 3.000%   4/1/32  3,360     3,274
3 Fayette County PA Hospital Authority Health, Hospital, Nursing Home Revenue VRDO 1.830%   3/6/25    930       930
  Fox Chapel Area School District GO 5.000%   2/1/36  2,000     2,063
  Franklin County PA IDA Health, Hospital, Nursing Home Revenue (Haven Inc. Project) 5.000%  12/1/48  3,400     3,197
  Franklin County PA IDA Health, Hospital, Nursing Home Revenue (Haven Inc. Project) 5.000%  12/1/54  4,050     3,714
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
4 Gateway School District Alleghany County GO 3.000% 10/15/36  1,300     1,197
4 Gateway School District Alleghany County GO 3.000% 10/15/43  2,375     1,993
  Geisinger Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/34  4,250     4,391
  Geisinger Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/39 15,125    15,187
  Geisinger Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/41    795       774
  Geisinger Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/45 14,500    14,745
  Geisinger Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/47  2,000     1,920
  Geisinger Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/50 27,460    25,712
  Geisinger Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/50 23,095    23,748
  Gettysburg Area School District GO 4.000%   4/1/36  1,200     1,228
1 Greater Johnstown Water Authority Sewer Revenue 4.000%  8/15/38  1,250     1,267
  Hatboro-Horsham School District GO 5.000%  9/15/40    400       438
  Hatboro-Horsham School District GO 5.000%  9/15/42    550       595
  Hatboro-Horsham School District GO 5.000%  9/15/43    500       536
  Hatboro-Horsham School District GO 5.250%  9/15/47  1,000     1,075
  Hatboro-Horsham School District GO 5.250%  9/15/51  2,000     2,136
  Haverford Township School District GO 3.000%   3/1/34     55        53
  Haverford Township School District GO 5.000%  3/15/40    400       436
  Haverford Township School District GO 5.000%  3/15/41    580       627
  Haverford Township School District GO 5.000%  3/15/41  1,000     1,082
  Haverford Township School District GO 5.000%  3/15/42    450       484
  Haverford Township School District GO 5.000%  3/15/42    750       807
  Haverford Township School District GO 5.000%  3/15/43    635       679
  Haverford Township School District GO 5.000%  3/15/43    900       964
  Haverford Township School District GO 5.000%  3/15/44    575       613
  Haverford Township School District GO 5.000%  3/15/44    750       800
1 Hempfield Area School District GO 5.000%  3/15/48  5,000     5,268
4 Indiana County IDA Local or Guaranteed Housing Revenue 5.000%   5/1/37  1,320     1,447
4 Indiana County IDA Local or Guaranteed Housing Revenue 5.000%   5/1/38  1,390     1,519
4 Indiana County IDA Local or Guaranteed Housing Revenue 5.000%   5/1/39  1,460     1,590
4 Indiana County IDA Local or Guaranteed Housing Revenue 5.000%   5/1/40  1,530     1,658
4 Indiana County IDA Local or Guaranteed Housing Revenue 5.000%   5/1/41  1,605     1,726
4 Indiana County IDA Local or Guaranteed Housing Revenue 4.000%   5/1/42  1,035     1,027
4 Indiana County IDA Local or Guaranteed Housing Revenue 5.000%   5/1/47  3,510     3,694
4 Interboro School District GO 4.000%  8/15/43  1,445     1,435
1 Interboro School District GO 5.500%  8/15/63  2,500     2,709
2 Jefferson County PA Hospital Authority Health, Hospital, Nursing Home Revenue 4.500%  1/15/27  1,000     1,006
  Kennett Consolidated School District GO 5.000%  2/15/42    475       511
  Kennett Consolidated School District GO 5.000%  2/15/43    600       644
  Kennett Consolidated School District GO 5.000%  2/15/44    550       587
  Kennett Consolidated School District GO 5.000%  2/15/48  1,000     1,058
  Kennett Consolidated School District GO 5.000%  2/15/51  5,050     5,313
  Lackawanna County IDA College & University Revenue 4.000%  11/1/35    900       905
  Lackawanna County IDA College & University Revenue 4.000%  11/1/36    625       627
  Lackawanna County IDA College & University Revenue 4.000%  11/1/40  6,700     6,362
  Lampeter Strasburg School District GO 5.000%   3/1/39    600       647
  Lampeter Strasburg School District GO 5.000%   3/1/40    725       777
  Lampeter Strasburg School District GO 5.000%   3/1/41  2,675     2,839
  Lampeter Strasburg School District GO 5.000%   3/1/42  2,750     2,908
  Lampeter Strasburg School District GO 5.000%   3/1/43  2,760     2,911
  Lampeter Strasburg School District GO 5.000%   3/1/44  1,425     1,497
  Lancaster County Convention Center Authority Hotel Occupancy Tax Revenue 4.000%   5/1/49  2,900     2,722
  Lancaster County Convention Center Authority Hotel Occupancy Tax Revenue 4.750%   5/1/53  2,000     2,023
  Lancaster County PA GO 4.000%  11/1/34    500       510
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/40    500       464
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/42  8,825     8,959
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/46  1,145     1,178
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/51 26,065    26,584
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) 5.000%   7/1/25    715       715
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) 5.000%   7/1/30    750       757
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) 5.000%   7/1/31  1,300     1,311
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) 5.000%   7/1/32    725       731
  Lancaster Higher Education Authority College & University Revenue (Elizabeth College Project) 5.000%  10/1/31  1,000     1,031
  Lancaster Higher Education Authority College & University Revenue (Elizabeth College Project) 5.000%  10/1/46  3,000     2,888
  Lancaster Higher Education Authority College & University Revenue (Elizabeth College Project) 5.000%  10/1/51  4,000     3,775
  Lancaster IDA Health, Hospital, Nursing Home Revenue 4.000%   7/1/46  1,425     1,310
  Lancaster IDA Health, Hospital, Nursing Home Revenue 4.000%   7/1/56  5,550     4,788
4 Lancaster PA GO 4.000%  11/1/33  2,545     2,599
4 Lancaster PA GO 4.000%  11/1/34  2,660     2,708
4 Lancaster PA GO 4.000%  11/1/35  2,355     2,392
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Lancaster Pennsylvania Municipal Authority Health, Hospital, Nursing Home Revenue (Luthercare Project) 5.000%  12/1/45    800       836
  Lancaster Pennsylvania Municipal Authority Health, Hospital, Nursing Home Revenue (Luthercare Project) 5.000%  12/1/55    960       986
4,7 Lancaster School District GO 5.000%   6/1/33    750       851
4,7 Lancaster School District GO 5.000%   6/1/34  1,500     1,695
4,7 Lancaster School District GO 5.000%   6/1/35    750       843
4 Lancaster School District GO 4.000%   6/1/36  1,190     1,212
4,7 Lancaster School District GO 5.000%   6/1/42  1,295     1,399
4,7 Lancaster School District GO 5.000%   6/1/43  1,135     1,219
4,7 Lancaster School District GO 5.000%   6/1/44  1,290     1,378
  Latrobe IDA College & University Revenue 5.000%   3/1/32    335       348
  Latrobe IDA College & University Revenue 5.000%   3/1/33    300       310
  Latrobe IDA College & University Revenue 5.000%   3/1/34    325       334
  Latrobe IDA College & University Revenue 4.000%   3/1/35    450       429
  Latrobe IDA College & University Revenue 4.000%   3/1/36    475       449
  Latrobe IDA College & University Revenue 4.000%   3/1/38    575       535
  Latrobe IDA College & University Revenue 4.000%   3/1/39    685       628
  Latrobe IDA College & University Revenue 4.000%   3/1/41    535       473
  Latrobe IDA College & University Revenue 4.000%   3/1/46  2,600     2,189
  Latrobe IDA College & University Revenue 4.000%   3/1/51  2,795     2,245
4 Lehigh County Authority Intergovernmental Agreement Revenue 4.000%  12/1/41  3,750     3,795
4 Lehigh County Authority Intergovernmental Agreement Revenue 4.000%  12/1/42  5,560     5,593
  Lehigh County General Purpose Authority Charter School Aid Revenue 4.000%   6/1/57  1,445     1,193
  Lehigh County General Purpose Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/46  3,685     3,273
  Lehigh County General Purpose Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/51 10,680     9,175
  Lehigh County PA GO 3.000% 11/15/43  1,690     1,448
  Lehigh County PA Health, Hospital, Nursing Home Revenue 5.000%   7/1/44  9,120     9,430
  Lehigh County PA Health, Hospital, Nursing Home Revenue 3.250%   7/1/49    315       252
  Lehigh County PA Health, Hospital, Nursing Home Revenue 4.000%   7/1/49 10,000     9,110
4 Lehighton Area School District GO 5.000% 11/15/36  1,850     2,023
4 Lehighton Area School District GO 5.000% 11/15/39  5,000     5,391
  Lincoln University of the Commonwealth System of Higher Education College & University Revenue 5.250%   7/1/44  4,000     3,867
4 Littlestown Area School District GO 5.000%  10/1/50  2,400     2,513
  Lower Paxton Township PA GO 5.000%   4/1/40    200       216
  Lower Paxton Township PA GO 5.000%   4/1/41    225       242
  Lower Paxton Township PA GO 5.000%   4/1/42    200       214
  Lower Paxton Township PA GO 5.000%   4/1/43    350       373
  Lower Paxton Township PA GO 5.000%   4/1/44    300       318
  Lower Paxton Township PA GO 5.000%   4/1/49  1,000     1,048
4 Lycoming County Authority College & University Revenue 5.000%   7/1/27  1,800     1,869
  Lycoming County Authority College & University Revenue (AICUP Financing Program) 5.500%  11/1/33  2,935     2,941
  Mechanicsburg Area School District GO 4.000%   3/1/36  1,550     1,569
1 Mechanicsburg Area School District GO 5.000%  5/15/45  1,705     1,786
1 Mechanicsburg Area School District GO 5.000%  5/15/46  2,080     2,176
1 Mechanicsburg Area School District GO 5.000%  5/15/51  5,335     5,574
4 Middletown Area School District GO 5.000%   3/1/40  2,000     2,166
4 Middletown Area School District GO 5.000%   3/1/41  2,000     2,152
4 Middletown Area School District GO 5.000%   3/1/42  2,000     2,140
  Monroe County PA GO 4.000%  7/15/37  1,630     1,670
  Monroe County PA Hospital Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/26  3,890     4,007
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/37    330       368
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/38  1,000     1,108
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/39  1,000     1,098
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/42  4,000     3,892
  Montgomery County Higher Education & Health Authority College & University Revenue (Ursinus College Project) 5.250%  11/1/42  1,500     1,503
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/27  1,415     1,442
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/32     25        26
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/34  2,210     2,335
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/35  2,780     2,932
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/37  2,500     2,624
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/43  4,825     4,956
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/47  5,250     4,855
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/47  1,700     1,775
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/47  2,000     2,008
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/52  5,000     4,538
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 3.250%   5/1/55 12,000     9,146
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/56 13,935    12,494
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/57 11,000    11,272
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 4.000%   9/1/34    380       383
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 4.000%   9/1/36  1,445     1,448
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 4.000%   9/1/44  4,530     4,263
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 4.000%   9/1/49  2,805     2,551
  Montgomery County Higher Education & Health Authority Private Schools Revenue (Hill School Project) 4.000%  8/15/50  3,705     3,396
  Montgomery County Higher Education and Health Authority College & University Revenue 5.000%   4/1/29  2,580     2,582
  Montgomery County Higher Education and Health Authority College & University Revenue 5.000%   4/1/30  1,000     1,001
  Montgomery County Higher Education and Health Authority College & University Revenue 4.000%   4/1/36    515       478
  Montgomery County Higher Education and Health Authority College & University Revenue 4.000%   4/1/37    545       502
  Montgomery County Higher Education and Health Authority College & University Revenue 4.000%   4/1/38    695       635
  Montgomery County Higher Education and Health Authority College & University Revenue 4.000%   4/1/39    305       275
  Montgomery County Higher Education and Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 4.000%   9/1/37  1,435     1,435
1 Montgomery County Higher Education and Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 4.000%   9/1/49 10,000     9,315
  Montgomery County Higher Education and Health Authority Private Schools Revenue (Hill School Project) 3.500%  8/15/46    100        85
  Montgomery County PA GO 5.000%  10/1/38  8,610     9,553
  Montgomery County PA GO 5.000%   1/1/39  7,175     7,872
  Montgomery County PA IDA College & University Revenue (Ursinus College Project) 5.000%  11/1/44  2,985     3,016
  Montgomery County PA IDA College & University Revenue (Ursinus College Project) 5.250%  11/1/54  1,500     1,524
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/30  1,575     1,575
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue 5.000%  12/1/30  1,200     1,214
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue 5.250%   1/1/40  4,750     4,750
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue 4.000% 11/15/43    700       671
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue 5.000% 11/15/45  2,600     2,690
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue 5.250% 11/15/53  1,500     1,556
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Meadowood Senior Living Project) 5.000%  12/1/38  2,500     2,545
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/25    250       250
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/26    350       351
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/27    300       301
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/29    100       100
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/30    210       211
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/31    250       251
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/32    100       100
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/33    225       225
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/34    370       367
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/35    570       564
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/36    825       813
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/37    705       692
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/38    400       390
  Montgomery County PA IDA Industrial Revenue 4.100%   6/1/29  4,435     4,555
  Montgomery County PA IDA Industrial Revenue PUT 4.100%   4/3/28 17,765    18,139
  Montgomery County PA IDA Private Schools Revenue (Germantown Academy Project) 4.000%  10/1/41  1,000       898
  Montgomery County PA IDA Private Schools Revenue (Haverford School Project) 3.000%   3/1/49  3,760     2,878
  Montgomery County PA IDA Private Schools Revenue (Haverford School Project) 4.000%   3/1/49  1,670     1,516
  Moon IDA Health, Hospital, Nursing Home Revenue 5.625%   7/1/30  1,000       886
  Moon IDA Health, Hospital, Nursing Home Revenue 6.000%   7/1/45  3,500     2,832
  Mount Lebanon Hospital Authority Health, Hospital, Nursing Home Revenue (St. Clair Memorial Hospital Project) 4.000%   7/1/48  7,890     7,313
  Muhlenberg School District GO 5.000%  5/15/49  1,750     1,832
  Muhlenberg School District GO 5.000%  5/15/54  7,000     7,285
  North Allegheny School District GO 3.000%   5/1/32  1,270     1,233
4 Northampton Area School District GO 4.100%   2/1/41  3,090     3,109
  Northampton County General Purpose Authority College & University Revenue 4.000% 11/15/34  7,535     7,612
  Northampton County General Purpose Authority College & University Revenue 5.000%  10/1/36  1,500     1,531
  Northampton County General Purpose Authority College & University Revenue 5.000%  10/1/40  1,760     1,786
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/28  4,170     4,275
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/36  6,790     6,923
1 Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/42  6,000     5,834
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/43  3,000     3,076
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/48  3,895     3,561
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 5.250%  8/15/53  3,000     3,189
3 Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue VRDO 1.500%   3/3/25    900       900
  Northampton County IDA Health, Hospital, Nursing Home Revenue 5.000%  11/1/44  1,900     1,771
  Northampton Township PA GO 3.625%  5/15/39  2,145     2,051
  Northeastern Pennsylvania Hospital & Education Authority College & University Revenue (Wilkes University Project) 5.000%   3/1/37  3,740     3,744
  Northeastern Pennsylvania Hospital and Education Authority College & University Revenue (Kings College Project) 5.000%   5/1/44  1,000       982
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Northeastern Pennsylvania Hospital and Education Authority College & University Revenue (Kings College Project) 5.000%   5/1/49  1,535     1,463
  Northeastern Pennsylvania Hospital and Education Authority College & University Revenue (Wilkes University Project) 5.000%   3/1/25  1,125     1,125
  Northeastern Pennsylvania Hospital and Education Authority College & University Revenue (Wilkes University Project) 5.000%   3/1/29  1,250     1,258
  Northeastern Pennsylvania Hospital and Education Authority College & University Revenue (Wilkes University Project) 5.250%   3/1/31  1,140     1,152
  Northeastern Pennsylvania Hospital and Education Authority College & University Revenue (Wilkes University Project) 5.250%   3/1/37  3,000     3,015
4 Northeastern School District/York County GO 3.000%   3/1/33    375       359
4 Northeastern School District/York County GO 3.000%   3/1/34    300       285
4 Northeastern School District/York County GO 3.000%   3/1/35    250       237
4 Northeastern School District/York County GO 3.000%   3/1/38    850       780
4 Northeastern School District/York County GO 3.000%   3/1/41    800       702
4 Northeastern School District/York County GO 3.000%   3/1/46  2,130     1,734
4 Northern Tioga School District GO 4.000%   4/1/33    500       509
4 Oxford Area Sewer Authority Sewer Revenue 3.000%   7/1/46  1,255     1,006
  Parkland School District GO 5.000%   2/1/43  2,270     2,441
  Parkland School District GO 5.000%   2/1/44    700       750
  Parkland School District GO 5.000%   2/1/45    875       935
  Parkland School District GO 5.000%   2/1/49  2,325     2,460
4 Penn Hills School District GO 3.000%  10/1/30  3,030     2,995
4 Penn Hills School District GO 3.000%  10/1/31  3,585     3,519
4 Penn Hills School District GO 3.000%  10/1/32  2,070     2,013
4 Penn Hills School District GO 3.000%  10/1/33    760       734
  Penn Manor School District GO 5.000%   3/1/36  1,700     1,743
  Pennsbury School District GO 5.000%   8/1/39    750       815
  Pennsbury School District GO 5.000%   8/1/39    500       549
  Pennsbury School District GO 5.000%   8/1/40  1,000     1,079
  Pennsbury School District GO 5.000%   8/1/40    500       545
  Pennsbury School District GO 5.000%   8/1/41    600       650
  Pennsbury School District GO 5.000%   8/1/42    750       809
  Pennsbury School District GO 5.000%   8/1/43  4,000     4,258
  Pennsbury School District GO 5.000%   8/1/43    575       617
  Pennsbury School District GO 5.000%   8/1/44  1,000     1,069
  Pennsylvania Economic Development Financing Authority College & University Revenue (Villanova University Project) 5.000%   8/1/41  1,000     1,112
  Pennsylvania Economic Development Financing Authority College & University Revenue (Villanova University Project) 5.000%   8/1/49  9,425    10,080
  Pennsylvania Economic Development Financing Authority Electric Power & Light Revenue PUT 5.250%   6/1/27    750       759
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/37  2,200     2,234
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  4/15/37  2,000     2,023
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/37    500       562
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/37    500       562
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/38  1,685     1,861
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  4/15/38  2,000     2,011
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/38    500       560
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/38    575       643
4 Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 3.000% 10/15/38  4,725     4,296
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/39    900     1,000
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/39    800       889
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/39  1,700     1,699
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  4/15/40  2,000     1,981
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/40  1,200     1,198
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  4/15/45 10,000     9,463
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 3.000% 10/15/46  5,040     4,029
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/47  3,500     3,662
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/47  2,400     2,261
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/48  2,880     2,689
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 10/15/51  5,500     5,012
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/52  2,250     2,043
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/53  4,370     3,953
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue (Presbyterian Senior Living Project) 5.000%   7/1/38  1,500     1,600
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue (Presbyterian Senior Living Project) 5.000%   7/1/42  1,500     1,570
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue (Presbyterian Senior Living Project) 5.250%   7/1/46  1,000     1,048
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue (Presbyterian Senior Living Project) 5.250%   7/1/49  2,000     2,084
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue, Prere. 4.000% 11/15/27    700       722
1 Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue 0.000%   1/1/29  1,080       938
1 Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue 0.000%   1/1/30  3,710     3,097
1 Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue 0.000%   1/1/36  6,045     3,959
1 Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue 0.000%   1/1/38  5,525     3,305
1 Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue 5.000%   1/1/38  2,640     2,845
1 Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue 5.000%   1/1/39  1,500     1,603
1 Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue 5.000%   1/1/40  2,880     3,060
  Pennsylvania Economic Development Financing Authority Parking System Auto Parking Revenue 4.375%   7/1/53  7,000     6,943
  Pennsylvania Economic Development Financing Authority Water Revenue (Pennsylvania-American Water Co. Project) 3.000%   4/1/39  4,500     3,964
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/29  1,655     1,710
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%  6/15/30  3,895     3,971
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%  6/15/32  2,790     2,817
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/33  3,520     3,560
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%  6/15/33  1,935     1,952
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  11/1/33  2,000     2,020
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%   5/1/34  2,575     2,549
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/34  3,000     3,032
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%  6/15/34  2,940     2,982
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%  8/15/34  2,200     2,217
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/35  1,870     1,912
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%  8/15/35  2,275     2,290
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%   5/1/36  2,305     2,254
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%  8/15/36  1,400     1,408
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  11/1/36  4,895     4,940
1 Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%   5/1/40  4,395     4,374
1 Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%   5/1/41  1,000       984
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/41  8,750     8,857
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 3.000%  6/15/45  1,225       963
4 Pennsylvania Higher Educational Facilities Authority College & University Revenue 3.000%  6/15/45  1,650     1,326
1 Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/46  5,000     5,180
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  8/15/46  6,000     6,115
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  2/15/48  5,000     5,122
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  2/15/55 22,100    23,732
  Pennsylvania Higher Educational Facilities Authority College & University Revenue, ETM 4.000%  6/15/32    500       526
  Pennsylvania Higher Educational Facilities Authority College & University Revenue, ETM 4.000%  6/15/33    345       364
  Pennsylvania Higher Educational Facilities Authority College & University Revenue, ETM 3.000%  6/15/45    180       154
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/32  3,965     3,965
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/34    750       770
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/35  3,135     3,171
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/35    785       804
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/38  1,000     1,096
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/39  1,000     1,010
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/41  2,000     2,213
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/42  8,260     8,224
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/42  3,000     2,898
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/43  6,540     6,480
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/43  2,000     2,182
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%  8/15/47  7,345     6,036
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/49 10,000     9,317
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/49 11,485    11,816
5 Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.250%  11/1/51  4,000     3,869
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/54  9,185     9,562
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%  11/1/54  6,475     7,035
3 Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue VRDO 1.450%   3/3/25 11,550    11,550
3 Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue VRDO 1.750%   3/3/25 28,650    28,650
3 Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue VRDO 1.750%   3/3/25 17,605    17,605
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.200%  10/1/31  2,500     2,471
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.550%  10/1/33  2,500     2,499
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.950%  10/1/34  3,000     2,748
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.500%  10/1/34  1,000       985
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.600%   8/1/35  7,327     7,163
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.125%  10/1/35  2,000     1,643
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.070%  10/1/36  5,000     3,965
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.500%  10/1/36  6,200     6,101
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.780%   1/1/37  1,806     1,739
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 4.400%  10/1/38  8,500     8,672
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 4.500%  10/1/38  7,500     7,700
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.700%  10/1/39  6,845     5,747
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.150%  10/1/39  3,000     2,695
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.350%  10/1/40  6,000     4,730
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.280%  10/1/41  7,500     5,661
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.450%  10/1/41  5,000     3,889
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.200%  10/1/41  7,830     6,815
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 4.300%  10/1/41  2,000     2,033
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.125%  10/1/41  3,835     4,021
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.650%  10/1/42  6,335     5,837
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.650%  10/1/42 10,000     9,038
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.550%  11/1/42  4,000     4,563
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.100%  10/1/44  8,500     6,976
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 4.500%  10/1/44  5,000     5,052
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.500%  10/1/45  2,500     1,838
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.600%   4/1/46  6,035     4,459
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.375%  10/1/46  7,005     4,866
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.400%  10/1/46  7,500     5,273
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  10/1/46  3,000     2,362
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.500%  10/1/50  3,000     1,938
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.550%  10/1/51  7,500     4,979
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  10/1/51  1,145     1,132
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  10/1/51  3,061     2,988
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 4.250%  10/1/52  2,060     2,091
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%  10/1/52  6,800     7,064
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%  10/1/53 12,785    13,573
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.750%  10/1/53  9,232     9,842
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  10/1/53  4,950     5,399
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%  10/1/54  6,370     6,922
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  10/1/54  1,435     1,585
2 Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 1.800%   3/3/25  6,965     6,965
2,3 Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.050%   3/3/25  7,382     7,382
  Pennsylvania State University College & University Revenue 5.000%   9/1/36  4,650     4,844
  Pennsylvania State University College & University Revenue 5.000%   9/1/36  1,235     1,406
  Pennsylvania State University College & University Revenue 5.000%   9/1/37    945     1,071
  Pennsylvania State University College & University Revenue 5.000%   9/1/38    850       958
  Pennsylvania State University College & University Revenue 5.000%   9/1/39  1,000     1,121
  Pennsylvania State University College & University Revenue 5.000%   9/1/40  1,500     1,676
  Pennsylvania State University College & University Revenue 5.000%   9/1/41  1,575     1,748
  Pennsylvania State University College & University Revenue 5.000%   9/1/47  1,130     1,219
  Pennsylvania State University College & University Revenue 5.250%   9/1/48  7,130     7,841
  Pennsylvania State University College & University Revenue 5.000%   9/1/49  7,000     7,559
  Pennsylvania State University College & University Revenue 5.250%   9/1/53  9,010     9,821
  Pennsylvania State University College & University Revenue 5.250%   9/1/54 10,000    10,944
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/34 10,000    10,093
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/34  4,000     4,189
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/35  5,500     5,754
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/35  4,390     4,521
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/35  5,000     5,235
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/35  5,500     6,251
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/35  2,900     3,311
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/36    680       694
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/36  1,000     1,078
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/36  9,790    10,233
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/36  1,250     1,421
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/37  6,610     6,672
  Pennsylvania Turnpike Commission Highway Revenue 4.750%  12/1/37  4,070     4,163
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/37  1,360     1,460
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/37  6,535     6,816
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/37  1,315     1,369
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/38  2,755     3,011
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/38  1,240     1,396
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/39  1,240     1,388
1 Pennsylvania Turnpike Commission Highway Revenue 0.000%  12/1/40  1,820       928
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/40  2,735     2,759
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/40  1,785     1,806
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/40  3,020     3,041
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/40  4,200     4,211
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/40  1,700     1,899
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/40  1,570     1,760
4 Pennsylvania Turnpike Commission Highway Revenue 0.000%  12/1/41  5,400     2,585
  Pennsylvania Turnpike Commission Highway Revenue 0.000%  12/1/41    500       235
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/41  7,275     7,284
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/41  3,035     3,128
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/41  3,710     4,147
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/41  1,120     1,262
7 Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/41  1,010     1,136
  Pennsylvania Turnpike Commission Highway Revenue 5.250%  12/1/41  1,250     1,397
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/42  1,700     1,689
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/42  2,000     2,052
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/42  1,165     1,288
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/42  1,540     1,706
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/42  2,230     2,497
7 Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/42  1,030     1,146
  Pennsylvania Turnpike Commission Highway Revenue 5.500%  12/1/42  2,950     3,039
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/43  4,550     4,465
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43  2,750     2,876
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43  1,750     1,921
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43  1,500     1,648
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43  1,050     1,156
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43  4,000     4,402
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43  1,950     2,163
7 Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43  1,115     1,229
7 Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/43  1,750     1,927
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/44 16,635    17,329
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/44  1,055     1,155
7 Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/44  1,345     1,473
7 Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/44  2,000     2,190
7 Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/45  1,930     2,099
7 Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/45  1,130     1,229
  Pennsylvania Turnpike Commission Highway Revenue 5.500%  12/1/46  7,000     7,185
  Pennsylvania Turnpike Commission Highway Revenue 5.250%   6/1/47 10,000    10,247
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/47  3,385     3,458
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/47  5,515     5,854
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/47  5,000     5,353
7 Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/47  3,000     3,235
  Pennsylvania Turnpike Commission Highway Revenue 5.250%  12/1/47  2,895     3,147
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/48 12,500    13,507
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/49  6,940     7,280
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/49  4,000     4,279
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/50 17,150    18,105
  Pennsylvania Turnpike Commission Highway Revenue 3.000%  12/1/51  5,275     4,006
  Pennsylvania Turnpike Commission Highway Revenue 3.000%  12/1/51  3,415     2,599
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/51  5,500     5,208
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/51  5,950     5,516
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/51 10,000     9,423
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/51  2,620     2,780
  Pennsylvania Turnpike Commission Highway Revenue 5.250%  12/1/52  2,840     3,074
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/53  9,000     9,636
7 Pennsylvania Turnpike Commission Highway Revenue 5.250%  12/1/55  3,000     3,266
8 Pennsylvania Turnpike Commission Highway Revenue, 6.100% coupon rate effective 12/1/28 0.000%  12/1/41  9,795     9,343
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/30  5,000     5,176
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 0.000%  12/1/37  2,100     1,277
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 4.000%  12/1/38  4,420     4,477
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/38  3,000     3,177
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/39  3,535     3,731
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 4.000%  12/1/40  2,155     2,170
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 4.000%  12/1/41  1,675     1,677
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/43 15,810    16,562
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/46  7,630     8,177
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/48  8,000     8,302
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/48 12,000    12,360
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 4.000%  12/1/51  7,000     6,735
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 4.000%  12/1/51  7,940     7,384
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 4.000%  12/1/53  5,000     4,597
2 Pennsylvania Turnpike Commission Registration Fee Transit Revenue TOB VRDO 1.850%   3/3/25  4,100     4,100
  Pequea Valley School District GO 3.750%  5/15/52  1,955     1,783
  Peters Township School District Washington County GO 5.000%   9/1/37  3,000     3,171
  Peters Township School District Washington County GO 5.000%   9/1/38  7,555     7,949
2 Philadelphia Authority for Industrial Development Charter School Aid Revenue 5.000%  6/15/33  2,380     2,406
2 Philadelphia Authority for Industrial Development Charter School Aid Revenue 5.375%  6/15/38  1,000     1,030
2 Philadelphia Authority for Industrial Development Charter School Aid Revenue 5.000%  6/15/43  1,500     1,520
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
2 Philadelphia Authority for Industrial Development Charter School Aid Revenue 5.500%  6/15/43  2,045     2,088
  Philadelphia Energy Authority Intergovernmental Agreement Revenue 5.000%  11/1/37    900     1,013
  Philadelphia Energy Authority Intergovernmental Agreement Revenue 5.000%  11/1/38  1,000     1,117
  Philadelphia Energy Authority Intergovernmental Agreement Revenue 5.000%  11/1/39  1,850     2,052
  Philadelphia Energy Authority Intergovernmental Agreement Revenue 5.000%  11/1/40  1,900     2,091
  Philadelphia Energy Authority Intergovernmental Agreement Revenue 5.000%  11/1/41  1,300     1,419
  Philadelphia Energy Authority Intergovernmental Agreement Revenue 5.000%  11/1/42  1,075     1,167
  Philadelphia Energy Authority Intergovernmental Agreement Revenue 5.000%  11/1/43    850       917
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%  10/1/30  3,050     3,145
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%  10/1/33  2,500     2,572
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%  10/1/34  4,175     4,292
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/35  4,000     4,165
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/36  2,000     2,080
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/37  2,000     2,077
  Philadelphia Gas Works Co. Natural Gas Revenue 4.000%  10/1/37  1,120     1,130
1 Philadelphia Gas Works Co. Natural Gas Revenue 4.000%   8/1/38  4,250     4,336
1 Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/38  5,000     5,421
1 Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/39  1,905     2,059
1 Philadelphia Gas Works Co. Natural Gas Revenue 4.000%   8/1/40  1,750     1,769
1 Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/40  3,000     3,236
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/40  1,650     1,822
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/42  5,000     5,143
5 Philadelphia Gas Works Co. Natural Gas Revenue 5.250%   8/1/43  1,610     1,802
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/44  2,250     2,423
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/47  8,000     8,180
  Philadelphia Gas Works Co. Natural Gas Revenue 5.250%   8/1/49  8,965     9,774
1 Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/50  5,000     5,216
5 Philadelphia Gas Works Co. Natural Gas Revenue 5.250%   8/1/54  7,500     8,149
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/33  4,925     5,016
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/34  4,980     5,067
1 Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/36  3,025     3,295
1 Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/37  5,075     5,498
1 Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/38  5,000     5,031
1 Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/39  1,525     1,524
1 Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/40  9,475     9,313
  Philadelphia IDA Charter School Aid Revenue (Alliance For Progress Charter School Inc. Project) 5.000%  6/15/49  2,770     2,660
2 Philadelphia IDA Charter School Aid Revenue (Discovery Charter School Inc. Project) 5.000%  4/15/42  1,000       972
2 Philadelphia IDA Charter School Aid Revenue (Discovery Charter School Inc. Project) 5.000%  4/15/52  1,500     1,413
  Philadelphia IDA Charter School Aid Revenue (Green Woods Charter School Project) 5.250%  6/15/52    950       957
  Philadelphia IDA Charter School Aid Revenue (Green Woods Charter School Project) 5.375%  6/15/57  1,250     1,260
  Philadelphia IDA Charter School Aid Revenue (Mast Community Charter School III Project) 5.000%   8/1/40    425       428
  Philadelphia IDA Charter School Aid Revenue (Master Charter School Project) 5.000%   8/1/40    600       610
  Philadelphia IDA Charter School Aid Revenue (Master Charter School Project) 5.000%   8/1/50  2,850     2,861
  Philadelphia IDA Charter School Aid Revenue (Philadelphia Electrical & Technology Charter School Project) 4.000%   6/1/41    375       344
  Philadelphia IDA Charter School Aid Revenue (Philadelphia Electrical & Technology Charter School Project) 4.000%   6/1/51  1,765     1,480
  Philadelphia IDA Charter School Aid Revenue (Philadelphia Electrical & Technology Charter School Project) 4.000%   6/1/56    670       547
  Philadelphia IDA Charter School Aid Revenue (Russell Byers Charter School Project) 5.000%   5/1/40  1,000     1,003
  Philadelphia IDA Charter School Aid Revenue (Russell Byers Charter School Project) 5.000%   5/1/50  5,130     4,897
2 Philadelphia IDA Charter School Aid Revenue (String Theory Charter School Project) 5.000%  6/15/40    415       419
2 Philadelphia IDA Charter School Aid Revenue (String Theory Charter School Project) 5.000%  6/15/50  1,050     1,046
  Philadelphia IDA College & University Revenue 5.000%  11/1/31  2,000     2,147
  Philadelphia IDA College & University Revenue 5.000%  11/1/32  2,000     2,142
  Philadelphia IDA College & University Revenue 4.000%  11/1/36  1,510     1,512
  Philadelphia IDA College & University Revenue 4.000%  11/1/37  2,750     2,740
  Philadelphia IDA College & University Revenue 4.000%  11/1/38  1,975     1,963
  Philadelphia IDA College & University Revenue 4.000%  11/1/45 12,000    11,020
  Philadelphia IDA College & University Revenue (Holy Family University Project) 5.000%   9/1/30  1,000     1,054
  Philadelphia IDA College & University Revenue (Holy Family University Project) 5.500%   9/1/37  2,375     2,634
  Philadelphia IDA College & University Revenue (Saint Joseph's University Project) 5.250%  11/1/52  3,000     3,221
  Philadelphia IDA College & University Revenue (Saint Joseph's University Project) 5.500%  11/1/60 14,410    15,607
  Philadelphia IDA Government Fund/Grant Revenue 5.000%  11/1/42  2,000     2,029
  Philadelphia IDA Government Fund/Grant Revenue 5.000%  11/1/47  5,000     5,038
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/33  3,600     3,748
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/34  2,180     2,266
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 4.000%   7/1/35  2,150     2,163
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/35  2,425     2,501
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 4.000%   7/1/36  3,780     3,799
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/36 11,000    11,339
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/45  4,000     4,313
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/46  4,000     4,299
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 4.000%   7/1/49  7,500     7,207
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.250%   7/1/49  5,000     5,428
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.500%   7/1/53 15,000    16,651
  Philadelphia IDA Health, Hospital, Nursing Home Revenue VRDO 1.650%   3/3/25  2,025     2,025
  Philadelphia IDA Health, Hospital, Nursing Home Revenue VRDO 1.650%   3/3/25  9,135     9,135
  Philadelphia IDA Intergovernmental Agreement Revenue 5.000%  12/1/37  3,250     3,363
  Philadelphia PA Airport Port, Airport & Marina Revenue 5.000%   7/1/31  1,800     1,876
  Philadelphia PA Airport Port, Airport & Marina Revenue 5.000%   7/1/32  1,400     1,457
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/33  1,345     1,394
  Philadelphia PA Airport Port, Airport & Marina Revenue 5.000%   7/1/33    750       780
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/34  1,400     1,448
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/36  4,965     5,097
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/37  2,480     2,532
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/38  1,860     1,893
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/39  2,000     2,028
  Philadelphia PA Airport Port, Airport & Marina Revenue 4.000%   7/1/40  4,000     4,034
  Philadelphia PA Airport Port, Airport & Marina Revenue 5.000%   7/1/42  5,000     5,129
4 Philadelphia PA Airport Port, Airport & Marina Revenue 3.000%   7/1/50  5,000     3,689
  Philadelphia PA GO 5.000%   8/1/31  2,000     2,103
  Philadelphia PA GO 5.000%   8/1/32  4,000     4,029
  Philadelphia PA GO 5.000%   8/1/32  4,420     4,641
  Philadelphia PA GO 5.000%   8/1/33  4,000     4,027
1 Philadelphia PA GO 5.000%   8/1/35  6,000     6,259
  Philadelphia PA GO 4.000%   5/1/38  9,000     9,233
  Philadelphia PA GO 4.000%   5/1/39  1,000     1,020
1 Philadelphia PA GO 4.000%   5/1/41  2,580     2,591
  Philadelphia PA Water & Wastewater Water Revenue 4.000%  10/1/35  3,000     3,075
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/37  2,295     2,499
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/38  2,560     2,777
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/38  1,655     1,797
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/39  2,355     2,539
  Philadelphia PA Water & Wastewater Water Revenue 5.000%   6/1/41  2,750     2,997
1 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/41  3,000     3,310
1 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/42  3,000     3,289
1 Philadelphia PA Water & Wastewater Water Revenue 5.000%   9/1/43  3,000     3,269
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/44  4,000     4,177
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/45  3,000     3,162
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/46  8,840     9,388
  Philadelphia PA Water & Wastewater Water Revenue 5.500%   6/1/47  6,610     7,234
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/48  2,000     2,055
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/50  3,610     3,768
  Philadelphia PA Water & Wastewater Water Revenue 4.000%  10/1/51  8,000     7,573
  Philadelphia PA Water & Wastewater Water Revenue 5.500%   6/1/52 16,380    17,779
  Philadelphia PA Water & Wastewater Water Revenue 5.250%  10/1/52  1,000     1,025
1 Philadelphia PA Water & Wastewater Water Revenue 5.500%   9/1/53  7,235     7,958
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/53  5,000     5,128
5 Philadelphia PA Water & Wastewater Water Revenue 5.250%   9/1/54  8,000     8,703
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/54  4,000     4,144
  Philadelphia Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/41  2,000     2,173
  Philadelphia Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/42  4,000     4,322
  Philadelphia Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/42  1,000     1,081
  Philadelphia Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/43  2,000     2,151
9 Philadelphia School District GO 5.000%   6/1/26  5,000     5,132
  Philadelphia School District GO 5.000%   9/1/31  2,000     2,018
  Philadelphia School District GO 5.000%   9/1/33  1,045     1,108
  Philadelphia School District GO 5.000%   9/1/35  2,500     2,549
  Philadelphia School District GO 5.000%   9/1/35  4,240     4,476
  Philadelphia School District GO 5.000%   9/1/36  2,015     2,051
  Philadelphia School District GO 4.000%   9/1/37  2,300     2,331
  Philadelphia School District GO 5.000%   9/1/37  2,015     2,050
  Philadelphia School District GO 5.000%   9/1/38  1,000     1,047
  Pine-Richland School District GO 4.000%   3/1/37    750       771
  Pittsburgh & Allegheny County Sports & Exhibition Authority Auto Parking Revenue 5.000% 12/15/31  1,000     1,045
  Pittsburgh & Allegheny County Sports & Exhibition Authority Auto Parking Revenue 5.000% 12/15/32    500       521
  Pittsburgh & Allegheny County Sports & Exhibition Authority Auto Parking Revenue 5.000% 12/15/34  1,000     1,039
  Pittsburgh & Allegheny County Sports & Exhibition Authority Auto Parking Revenue 5.000% 12/15/36    500       518
  Pittsburgh & Allegheny County Sports & Exhibition Authority Auto Parking Revenue 5.000% 12/15/37    500       517
1 Pittsburgh & Allegheny County Sports & Exhibition Authority Intergovernmental Agreement Revenue 5.000%   2/1/35  5,000     5,482
  Pittsburgh PA GO 4.000%   9/1/35    750       767
  Pittsburgh PA GO 5.000%   9/1/35    560       586
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Pittsburgh PA GO 4.000%   9/1/36    875       892
  Pittsburgh PA GO 5.000%   9/1/36    825       864
  Pittsburgh PA GO 4.000%   9/1/37    500       511
  Pittsburgh PA GO 4.000%   9/1/38    500       505
  Pittsburgh PA GO 5.000%   9/1/39    500       546
  Pittsburgh PA GO 5.000%   9/1/40    500       551
  Pittsburgh PA GO 5.000%   9/1/41  1,500     1,602
  Pittsburgh PA GO 5.000%   9/1/42  1,000     1,064
  Pittsburgh PA GO 5.000%   9/1/42    500       542
  Pittsburgh PA GO 5.000%   9/1/42  1,250     1,312
  Pittsburgh PA GO 5.000%   9/1/43    400       423
  Pittsburgh PA GO 5.000%   9/1/44    400       428
  Pittsburgh School District GO 4.000%   9/1/35  1,095     1,110
  Pittsburgh School District GO 4.000%   9/1/38  1,740     1,755
  Pittsburgh School District GO 3.000%   9/1/41  2,315     1,951
9 Pittsburgh Water & Sewer Authority Water Revenue 0.000%   9/1/27 10,820    10,017
9 Pittsburgh Water & Sewer Authority Water Revenue 0.000%   9/1/29 10,000     8,656
1 Pittsburgh Water & Sewer Authority Water Revenue 4.000%   9/1/36    850       878
1 Pittsburgh Water & Sewer Authority Water Revenue 4.000%   9/1/37  1,350     1,389
1 Pittsburgh Water & Sewer Authority Water Revenue 3.000%   9/1/39    500       449
1 Pittsburgh Water & Sewer Authority Water Revenue 3.000%   9/1/40    305       270
1 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/44  2,080     2,177
1 Pittsburgh Water & Sewer Authority Water Revenue 5.500%   9/1/47  1,345     1,470
1 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/48  3,405     3,650
  Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/52  1,875     1,966
5 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/55  5,000     5,381
1,2 Pittsburgh Water & Sewer Authority Water Revenue TOB VRDO 1.870%   3/3/25  1,100     1,100
1,2 Pittsburgh Water & Sewer Authority Water Revenue TOB VRDO 1.870%   3/3/25  7,500     7,500
  Pocono Mountains Industrial Park Authority Health, Hospital, Nursing Home Revenue (St. Lukes Hospital-Monroe Project) 4.000%  8/15/45    705       661
  Pottsville PA Hospital Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   1/1/27  6,275     6,529
  Radnor Township School District GO 5.500%  8/15/48  1,000     1,054
  Radnor Township School District GO 5.500%  8/15/53  1,000     1,051
1 Reading School District GO 5.000%   3/1/38  1,750     1,795
1 Ridley School District GO 4.000% 11/15/34  1,000     1,022
4 Ridley School District GO 3.000% 11/15/37  2,950     2,740
1 Ridley School District GO 4.000% 11/15/37    800       807
4 Ridley School District GO 3.000% 11/15/38  2,000     1,856
1 Ridley School District Lease (Non-Terminable) Revenue 5.000% 11/15/50  2,500     2,597
  School District of Philadelphia GO 5.000%   9/1/28  5,000     5,133
  School District of Philadelphia GO 5.000%   9/1/29  2,235     2,292
  School District of Philadelphia GO 5.250%   9/1/36  1,100     1,249
  School District of Philadelphia GO 4.000%   9/1/37  1,500     1,522
  School District of Philadelphia GO 5.000%   9/1/37  3,825     4,018
  School District of Philadelphia GO 5.250%   9/1/37  1,900     2,170
  School District of Philadelphia GO 4.000%   9/1/38  1,000     1,010
  School District of Philadelphia GO 5.000%   9/1/38  1,990     2,023
  School District of Philadelphia GO 5.250%   9/1/38  1,430     1,626
  School District of Philadelphia GO 4.000%   9/1/40  8,880     8,863
  School District of Philadelphia GO 5.250%   9/1/40  1,715     1,922
  School District of Philadelphia GO 5.000%   9/1/44 10,165    10,550
  School District of Philadelphia GO 4.000%   9/1/46 12,285    11,611
  School District of Philadelphia GO 5.500%   9/1/48  8,370     9,176
  School District of Philadelphia GO, Prere. 5.000%   9/1/26     10        10
1 Scott Township PA GO 3.000%  8/15/34    290       276
1 Scott Township PA GO 3.000%  8/15/38    300       275
1 Scott Township PA GO 3.000%  8/15/42    650       563
1 Scott Township PA GO 3.000%  8/15/46    600       493
1 Scranton PA GO 5.000% 11/15/26    850       877
1 Scranton PA GO 5.000% 11/15/27    615       644
  Scranton PA School District GO 5.000%  12/1/28  1,575     1,661
  Scranton PA School District GO 5.000%  12/1/29  1,250     1,331
  Scranton PA School District GO 4.000%  12/1/39  2,765     2,781
  Scranton PA School District GO 4.000%  12/1/40    500       493
  Scranton-Lackawanna Health and Welfare Authority College & University Revenue 5.000%  11/1/37  2,500     2,546
  Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) 5.000%   1/1/29  1,160     1,166
  Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) 5.000%   1/1/30  1,180     1,186
  Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) 5.000%   1/1/30  1,285     1,328
  Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) 5.000%   1/1/31  1,250     1,256
  Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) 5.000%   1/1/31  1,250     1,292
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Snyder County Higher Education Authority College & University Revenue (Susquehanna University Project) 5.000%   1/1/32    855       859
4 Souderton Area School District GO 4.000%   9/1/39  3,685     3,698
  Southcentral Pennsylvania General Authority College & University Revenue 4.000%   5/1/33    320       321
  Southcentral Pennsylvania General Authority College & University Revenue 4.000%   5/1/34    560       563
  Southcentral Pennsylvania General Authority College & University Revenue (AICUP Financing Program) 3.500%  11/1/41    500       440
  Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/29  1,090     1,101
  Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/38  1,000     1,055
  Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/44  5,000     5,182
  Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/49  8,150     7,566
  Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/49  3,500     3,575
  Southcentral Pennsylvania General Authority Health, Hospital, Nursing Home Revenue VRDO 1.550%   3/3/25 34,115    34,115
  Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) 5.000%   6/1/38  4,000     4,464
  Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) 5.250%   6/1/41  4,000     4,430
  Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) 5.250%   6/1/43  3,000     3,291
  Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) 5.250%   6/1/47  5,000     5,393
  Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) 5.250%   6/1/52 12,500    13,365
  State College PA Area School District GO 5.000%  5/15/36    375       397
  State College PA Area School District GO 5.000%  5/15/37    630       666
  State College PA Area School District GO 5.000%  5/15/38    350       369
  State Public School Building Authority College & University Revenue 5.000%   5/1/33    870       873
  State Public School Building Authority College & University Revenue 5.000%   5/1/35  1,290     1,294
4 State Public School Building Authority College & University Revenue (Community College Allegheny County Project) 4.000%  6/15/33  1,000     1,012
4 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/30  1,055     1,056
4 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/36    600       653
4 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/37    550       596
4 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/38    600       648
4 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 4.000%  10/1/41  1,000       985
4 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 4.000%  10/1/42  1,000       976
  State Public School Building Authority College & University Revenue, Prere. 5.000%   5/1/25    155       155
  State Public School Building Authority College & University Revenue, Prere. 5.000%   5/1/25    310       311
  State Public School Building Authority College & University Revenue, Prere. 5.000%   5/1/25    220       221
  State Public School Building Authority Lease (Appropriation) Revenue (Chester Upland School District Project) 5.250%  9/15/30  3,540     3,739
  State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%   6/1/25  2,940     2,954
  State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%   6/1/28 11,660    12,035
1 State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%   6/1/32  4,655     4,803
1 State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%   6/1/33  3,240     3,340
  State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%   6/1/34  6,000     6,169
1 State Public School Building Authority Miscellaneous Revenue 5.000%  12/1/32  2,100     2,168
1 State Public School Building Authority Miscellaneous Revenue 5.000%  12/1/33  1,585     1,635
3 State Public School Building Authority Miscellaneous Revenue (School District Project) VRDO 1.930%   3/6/25    100       100
  Swarthmore Borough Authority College & University Revenue 5.000%  9/15/44  5,015     5,209
  Swarthmore Borough Authority College & University Revenue 5.000%  9/15/45  2,000     2,170
  Swarthmore Borough Authority College & University Revenue 5.000%  9/15/46  1,500     1,554
  Swarthmore Borough Authority College & University Revenue 5.000%  9/15/47  1,600     1,655
  Swarthmore Borough Authority College & University Revenue 5.000%  9/15/50  9,115     9,767
  Swarthmore Borough Authority College & University Revenue 5.000%  9/15/53  2,000     2,140
5 Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue 5.000%   4/1/33  2,500     2,860
5 Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue 5.000%   4/1/34  1,500     1,733
5 Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue 5.000%   4/1/35  1,820     2,119
5 Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue 5.000%   4/1/41  2,000     2,230
5 Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue 5.000%   4/1/42    800       882
5 Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue 5.000%   4/1/43  2,000     2,182
5 Temple University of The Commowealth System of Higher Education Pennsylvania University Revenue 5.000%   4/1/44  1,000     1,085
  Township of Hampton PA GO 5.000%   1/1/35    150       167
  Township of Hampton PA GO 5.000%   1/1/36    150       166
  Township of Hampton PA GO 5.000%   1/1/37    175       193
  Township of Hampton PA GO 4.000%   1/1/42  1,000     1,005
  Tredyffrin Easttown School District GO 5.000%  2/15/44    500       538
  Tredyffrin Easttown School District GO 5.000%  2/15/45    650       697
4 Trinity Area School District GO 4.000%  1/15/36  3,000     3,048
4 Trinity Area School District GO 4.000%  1/15/38  3,700     3,735
4 Tulpehocken Area School District GO 5.250%  10/1/41  2,000     2,153
4 Tulpehocken Area School District GO 5.250%  10/1/45  3,500     3,702
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
4 Tulpehocken Area School District GO 5.250%  10/1/49  3,500     3,674
  Union County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/43  2,945     3,008
  University of Pittsburgh-of the Commonwealth System of Higher Education College & University Revenue 5.000%  2/15/29  8,645     9,387
4 Upper Darby PA School District GO 5.000%   4/1/54  4,000     4,181
  Upper Merion Area PA School District GO 3.000%  1/15/40  1,000       898
  Upper Merion Area PA School District GO 3.000%  1/15/43  2,660     2,308
  Upper St. Clair Township School District GO 3.500%  10/1/37  7,240     7,168
  Upper St. Clair Township School District GO 3.625%  10/1/39  5,000     4,914
  Washington County PA IDA College & University Revenue (AICUP Financing Program) 4.000%  11/1/31  3,440     3,417
  Washington County PA IDA College & University Revenue (AICUP Financing Program) 4.000%  11/1/32  3,110     3,074
  West Cornwall Township Municipal Authority Health, Hospital, Nursing Home Revenue (Pleasant View Retirement Community Project) 5.000% 12/15/48  2,750     2,664
4 West Mifflin School District GO 3.000%   4/1/34  1,300     1,232
4 West Mifflin School District GO 3.000%   4/1/38  5,920     5,402
  West Shore Area Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) 5.000%   7/1/25    565       566
  West Shore Area Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) 5.000%   7/1/30  1,500     1,503
  West Shore Area Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) 5.000%   7/1/35  1,000     1,001
  West Shore PA School District GO 4.000% 11/15/34    640       655
  West Shore PA School District GO 4.000% 11/15/35    540       553
  West Shore PA School District GO 4.000% 11/15/36  1,100     1,124
  West Shore PA School District GO 4.000% 11/15/37  1,000     1,016
  West Shore PA School District GO 5.000% 11/15/43  1,480     1,514
  West View Municipal Authority Water Revenue 4.000% 11/15/35  1,200     1,220
  West View Municipal Authority Water Revenue 4.000% 11/15/36  2,300     2,338
  West View Municipal Authority Water Revenue 4.000% 11/15/37  2,415     2,444
4 Westmoreland County Municipal Authority Water Revenue 4.000%  8/15/34  5,000     5,070
4 Westmoreland County Municipal Authority Water Revenue 4.000%  8/15/35  8,000     8,089
5,7 Westmoreland County Municipal Authority Water Revenue 5.000%  8/15/42  3,705     4,035
5,7 Westmoreland County Municipal Authority Water Revenue 5.000%  8/15/43  4,320     4,666
5,7 Westmoreland County Municipal Authority Water Revenue 5.000%  8/15/44  4,030     4,323
5,7 Westmoreland County Municipal Authority Water Revenue 5.000%  8/15/45  3,750     4,003
5,7 Westmoreland County Municipal Authority Water Revenue 5.000%  8/15/47  5,425     5,744
5,7 Westmoreland County Municipal Authority Water Revenue 5.000%  8/15/49  4,000     4,212
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue 4.000%  5/15/47  3,100     2,477
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) 4.000%   7/1/37  9,230     8,838
2 Westmoreland County PA IDA Revenue 4.720%   7/1/35  6,650     6,650
  Wilkes-Barre Finance Authority College & University Revenue (Wilkes University Project) 4.000%   3/1/42  1,000       862
4 Wilkes-Barre PA Area School District GO 5.000%   8/1/29  1,860     1,931
4 Wilkes-Barre PA Area School District GO 5.000%  4/15/59  2,380     2,433
4 Wilkinsburg-Penn Joint Water Authority Water Revenue 3.000%  9/15/39  1,000       894
4,7 William Penn School District Authority Lease (Non-Terminable) Revenue (William Penn School District Project) 5.000%  3/15/43  1,675     1,772
4,7 William Penn School District Authority Lease (Non-Terminable) Revenue (William Penn School District Project) 5.000%  3/15/49  1,000     1,039
4 William Penn School District GO 3.000% 11/15/34  2,595     2,474
4 Woodland Hills School District GO 3.000%   9/1/35  3,620     3,449
  Wyomissing Area School District GO 3.000%   2/1/40  1,100       974
                            3,714,448
Guam (0.1%)
  Guam Miscellaneous Taxes Revenue 5.000% 11/15/34    210       212
  Guam Miscellaneous Taxes Revenue 4.000%   1/1/42  1,840     1,769
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/33  1,185     1,306
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/36    650       669
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/38    290       298
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/44     80        83
                                4,337
Puerto Rico (1.2%)
  Commonwealth of Puerto Rico GO 5.625%   7/1/27  1,885     1,971
  Commonwealth of Puerto Rico GO 5.625%   7/1/29  3,272     3,525
  Commonwealth of Puerto Rico GO 5.750%   7/1/31  5,146     5,745
  Commonwealth of Puerto Rico GO 0.000%   7/1/33  2,397     1,697
  Commonwealth of Puerto Rico GO 4.000%   7/1/33  5,457     5,496
  Commonwealth of Puerto Rico GO 4.000%   7/1/35  1,077     1,079
  Commonwealth of Puerto Rico GO 4.000%   7/1/37    335       333
  Commonwealth of Puerto Rico GO 4.000%   7/1/41  3,344     3,219
2 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/30  1,305     1,378
2 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/33  1,365     1,451
2 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/33  1,255     1,349
2 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/37  2,170     2,273
2 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/37    250       262
2 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/37    600       632
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
2 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 4.000%   7/1/42    490       464
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/27  1,246     1,144
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/29    787       678
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/31  2,882     2,309
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40 10,859    10,819
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/40    259       258
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/46    418       140
                               46,222
Total Tax-Exempt Municipal Bonds (Cost $3,840,429) 3,765,007
Taxable Municipal Bonds (0.1%)
Puerto Rico (0.1%)
  Commonwealth of Puerto Rico CVI 0.000%  11/1/43  4,153     2,611
  Commonwealth of Puerto Rico CVI 0.000%  11/1/51  2,025     1,293
Total Taxable Municipal Bonds (Cost $3,806) 3,904
Total Investments (100.6%) (Cost $3,844,235) 3,768,911
Other Assets and Liabilities—Net (-0.6%) (23,132)
Net Assets (100%) 3,745,779
Cost is in $000.
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 February 28, 2025, the aggregate value was $90,807,000, representing 2.4% 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 Securities with a value of $338,000 have been segregated as initial margin for open futures contracts.
7 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2025.
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.
  
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts 		Notional
Amount 		Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts        
5-Year U.S. Treasury Note June 2025 391 42,204 342
 
Short Futures Contracts        
Ultra Long U.S. Treasury Bond June 2025 (73) (9,061) (141)
        201
A. 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.
B. 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
Vanguard® Pennsylvania Long-Term Tax-Exempt Fund
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. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. 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.
The following table summarizes the market value of the fund’s investments and derivatives as of February 28, 2025, based on the inputs used to value them:
  Level 1
($000) 		Level 2
($000) 		Level 3
($000) 		Total
($000)
Investments         
Assets        
Tax-Exempt Municipal Bonds — 3,765,007 — 3,765,007
Taxable Municipal Bonds — 3,904 — 3,904
Total — 3,768,911 — 3,768,911
Derivative Financial Instruments         
Assets        
Futures Contracts1 342 — — 342
Liabilities        
Futures Contracts1 (141) — — (141)
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.