0001752724-25-183722.txt : 20250730 0001752724-25-183722.hdr.sgml : 20250730 20250730150312 ACCESSION NUMBER: 0001752724-25-183722 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20250531 FILED AS OF DATE: 20250730 DATE AS OF CHANGE: 20250730 PERIOD START: 20260228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Invesco Pennsylvania Value Municipal Income Trust CENTRAL INDEX KEY: 0000895528 ORGANIZATION NAME: EIN: 367017427 STATE OF INCORPORATION: PA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07398 FILM NUMBER: 251166471 BUSINESS ADDRESS: STREET 1: 1331 SPRING STREET N.W. STREET 2: SUITE 2500 CITY: ATLANTA STATE: GA ZIP: 30309 BUSINESS PHONE: 404-439-3217 MAIL ADDRESS: STREET 1: 1331 SPRING STREET N.W. STREET 2: SUITE 2500 CITY: ATLANTA STATE: GA ZIP: 30309 FORMER COMPANY: FORMER CONFORMED NAME: Invesco Van Kampen Pennsylvania Value Municipal Income Trust DATE OF NAME CHANGE: 20100601 FORMER COMPANY: FORMER CONFORMED NAME: VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST DATE OF NAME CHANGE: 19981006 FORMER COMPANY: FORMER CONFORMED NAME: VAN KAMPEN AMERICAN CAPITAL PENNSYLVANIA VALUE MUNIC INCO TR DATE OF NAME CHANGE: 19971007 NPORT-P 1 primary_doc.xml NPORT-P false 0000895528 XXXXXXXX Invesco Pennsylvania Value Municipal Income Trust 811-07398 0000895528 549300S5KHBL3XISY922 1331 Spring Street NW, Suite 2500 N.E. 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RB 52480RGN4 1530000.00000000 PA USD 1529531.06000000 0.800645873369 Long DBT MUN US N 2 2054-02-01 Fixed 5.25000000 N N N N N N Philadelphia (City of), PA 549300IVFOPB4AG7UL47 Philadelphia (City of), PA, Series 2019 B, GO Bonds 717813XM6 1000000.00000000 PA USD 1040079.90000000 0.544438554853 Long DBT MUN US N 2 2037-02-01 Fixed 5.00000000 N N N N N N Erie (City of), PA Higher Education Building Authority (AICUP Financing Program) 549300JDMWBZICIGLV66 Erie (City of), PA Higher Education Building Authority (AICUP Financing Program), Series 2021, RB 295435CT6 480000.00000000 PA USD 438432.48000000 0.229501162181 Long DBT MUN US N 2 2047-05-01 Fixed 5.00000000 N N N N N N Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts) N/A Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts), Series 2023, RB 018444CB3 1750000.00000000 PA USD 1680523.43000000 0.879684096987 Long DBT MUN US N 2 2042-05-01 Fixed 6.25000000 N N N N N N Lancaster School District N/A Lancaster School District, Series 2020, GO Bonds 514383WT1 1275000.00000000 PA USD 1257745.17000000 0.658377267677 Long DBT MUN US N 2 2036-06-01 Fixed 4.00000000 N N N N N N Pennsylvania (Commonwealth of) Economic Development Financing Authority (Philadelphia Biosolids Facilities) N/A Pennsylvania (Commonwealth of) Economic Development Financing Authority (Philadelphia Biosolids Facilities), Series 2020, Ref. RB 70870FAU0 400000.00000000 PA USD 402287.68000000 0.210580863195 Long DBT MUN US N 2 2032-01-01 Fixed 4.00000000 N N N N N N Lehigh (County of), PA General Purpose Authority (Muhlenberg College) N/A Lehigh (County of), PA General Purpose Authority (Muhlenberg College), Series 2024, Ref. RB 52480RGM6 2155000.00000000 PA USD 2161979.18000000 1.131706151020 Long DBT MUN US N 2 2049-02-01 Fixed 5.25000000 N N N N N N Philadelphia (City of), PA 549300IVFOPB4AG7UL47 Philadelphia (City of), PA, Series 2017 B, Ref. RB 717817UM0 3865000.00000000 PA USD 3805725.59000000 1.992139008155 Long DBT MUN US N 2 2047-07-01 Fixed 5.00000000 N N N N N N Adams (County of), PA General Authority (Brethren Home Community (The)) N/A Adams (County of), PA General Authority (Brethren Home Community (The)), Series 2024, Ref. RB 006114AD4 2000000.00000000 PA USD 1841735.60000000 0.964071960708 Long DBT MUN US N 2 2054-06-01 Fixed 5.00000000 N N N N N N Montgomery (County of), PA Industrial Development Authority (Germantown Academy) N/A Montgomery (County of), PA Industrial Development Authority (Germantown Academy), Series 2021, Ref. RB 613609K96 1000000.00000000 PA USD 933709.30000000 0.488757971330 Long DBT MUN US N 2 2036-10-01 Fixed 4.00000000 N N N N N N Washington (County of), PA Redevelopment Authority (Victory Centre) N/A Washington (County of), PA Redevelopment Authority (Victory Centre), Series 2018, Ref. RB 938618AC9 575000.00000000 PA USD 575752.91000000 0.301382694034 Long DBT MUN US N 2 2028-07-01 Fixed 5.00000000 N N N N N N Lancaster (County of), PA Hospital Authority (Landis Homes Retirement Community) N/A Lancaster (County of), PA Hospital Authority (Landis Homes Retirement Community), Series 2015, Ref. RB 514045J20 3800000.00000000 PA USD 3522915.40000000 1.844099640082 Long DBT MUN US N 2 2045-07-01 Fixed 5.00000000 N N N N N N Philadelphia (City of), PA 549300IVFOPB4AG7UL47 Philadelphia (City of), PA, Series 2020 C, Ref. RB 717817WN6 1300000.00000000 PA USD 1294179.38000000 0.677449060758 Long DBT MUN US N 2 2034-07-01 Fixed 4.00000000 N N N N N N Delaware (County of), PA Authority (Eastern University) N/A Delaware (County of), PA Authority (Eastern University), Series 2012, RB 245913KZ0 310000.00000000 PA USD 310422.28000000 0.162493148379 Long DBT MUN US N 2 2025-06-26 Fixed 5.25000000 N N N N N N Philadelphia (City of), PA N/A Philadelphia (City of), PA, Series 2020 A, RB 717893Q53 3750000.00000000 PA USD 3680632.13000000 1.926657786391 Long DBT MUN US N 2 2050-11-01 Fixed 5.00000000 N N N N N N Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System) N/A Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System), Series 2014 A, Ref. RB 613603TK5 2460000.00000000 PA USD 2459883.89000000 1.287646872301 Long DBT MUN US N 2 2027-10-01 Fixed 5.00000000 N N N N N N Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green Bonds) N/A Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green Bonds), Series 2019, RB 165588EM2 3690000.00000000 PA USD 3755111.90000000 1.965644847236 Long DBT MUN US N 2 2044-12-01 Fixed 5.00000000 N N N N N N Philadelphia (City of), PA 549300IVFOPB4AG7UL47 Philadelphia (City of), PA, Series 2020 C, Ref. RB 717817WW6 1000000.00000000 PA USD 846540.90000000 0.443128940594 Long DBT MUN US N 2 2050-07-01 Fixed 4.00000000 N N N N N N Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green Bonds) N/A Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green Bonds), Series 2019, RB 165588EN0 1650000.00000000 PA USD 1426537.53000000 0.746733045487 Long DBT MUN US N 2 2049-12-01 Fixed 4.00000000 N N N N N N Chester (County of), PA Industrial Development Authority (Avon Grove Charter School) N/A Chester (County of), PA Industrial Development Authority (Avon Grove Charter School), Series 2017 A, Ref. RB 165588DQ4 1160000.00000000 PA USD 1074786.52000000 0.562606026445 Long DBT MUN US N 2 2047-12-15 Fixed 5.00000000 N N N N N N Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries) N/A Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries), Series 2022 A, RB 57778PAE4 450000.00000000 PA USD 398311.34000000 0.208499414642 Long DBT MUN US N 2 2045-01-01 Fixed 4.50000000 N N N N N N Pennsylvania (Commonwealth of) Economic Development Financing Authority N/A Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2023 A-2, RB 70870JFN3 1750000.00000000 PA USD 1422304.10000000 0.744517021015 Long DBT MUN US N 2 2053-05-15 Fixed 4.00000000 N N N N N N Montgomery (County of), PA Industrial Development Authority (Germantown Academy) N/A Montgomery (County of), PA Industrial Development Authority (Germantown Academy), Series 2021, Ref. RB 613609L38 625000.00000000 PA USD 526843.69000000 0.275780752245 Long DBT MUN US N 2 2046-10-01 Fixed 4.00000000 N N N N N N Children's Trust Fund N/A Children's Trust Fund, Series 2005 B, RB 16876QBK4 7700000.00000000 PA USD 900277.07000000 0.471257589881 Long DBT MUN US N 2 2055-05-15 None 0.00000000 N N N N N N Reading School District N/A Reading School District, Series 2017, Ref. GO Bonds 755638ZH9 1500000.00000000 PA USD 1519659.60000000 0.795478574764 Long DBT MUN US N 2 2038-03-01 Fixed 5.00000000 N N N N N N Scranton-Lackawanna Health and Welfare Authority N/A Scranton-Lackawanna Health and Welfare Authority, Series 2025, RB 810694N88 1000000.00000000 PA USD 980917.90000000 0.513469709304 Long DBT MUN US N 2 2050-11-01 Fixed 5.00000000 N N N N N N Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.) N/A Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2016, Ref. RB 61360PCK4 4285000.00000000 PA USD 4316361.06000000 2.259435431578 Long DBT MUN US N 2 2036-11-15 Fixed 5.00000000 N N N N N N Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University) N/A Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2022, Ref. RB 613603G78 5755000.00000000 PA USD 4526003.06000000 2.369174296368 Long DBT MUN US N 2 2056-05-01 Fixed 4.00000000 N N N N N N Allegheny (County of), PA Airport Authority N/A Allegheny (County of), PA Airport Authority, Series 2021 A, RB 01728LFJ6 1320000.00000000 PA USD 1283586.35000000 0.671904050278 Long DBT MUN US N 2 2051-01-01 Fixed 5.00000000 N N N N N N Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries) N/A Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries), Series 2022 A, RB 57778PAD6 500000.00000000 PA USD 482676.70000000 0.252661170559 Long DBT MUN US N 2 2042-01-01 Fixed 5.00000000 N N N N N N Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living) N/A Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living), Series 2021, Ref. RB 70869PNJ2 1050000.00000000 PA USD 931552.97000000 0.487629222289 Long DBT MUN US N 2 2041-07-01 Fixed 4.00000000 N N N N N N Lehigh (County of), PA (Lehigh Valley Health Network) N/A Lehigh (County of), PA (Lehigh Valley Health Network), Series 2019, Ref. RB 52480GDW1 7395000.00000000 PA USD 5986532.03000000 3.133700446472 Long DBT MUN US N 2 2049-07-01 Fixed 4.00000000 N N N N N N Coatesville School District 549300FB4I8E5MPRFX97 Coatesville School District, Series 2020 A, GO Bonds 190684PQ7 150000.00000000 PA USD 97637.73000000 0.051109289411 Long DBT MUN US N 2 2034-10-01 None 0.00000000 N N N N N N Virgin Islands Transportation & Infrastructure Corp. N/A Virgin Islands Transportation & Infrastructure Corp., Series 2025, RB 927686AS4 1225000.00000000 PA USD 1267442.58000000 0.663453458349 Long DBT MUN US N 2 2041-09-01 Fixed 5.00000000 N N N N N N Philadelphia School District (The) 254900HSKDHZKBZCUL90 Philadelphia School District (The), Series 2007 A, Ref. GO Bonds 717883ER9 1965000.00000000 PA USD 1965000.00000000 1.028595745660 Long DBT MUN US N 2 2025-06-01 Fixed 5.00000000 N N N N N N Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.) N/A Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.), Series 2019, Ref. RB 663549NV1 950000.00000000 PA USD 837595.72000000 0.438446511030 Long DBT MUN US N 2 2044-11-01 Fixed 5.00000000 N N N N N N Montgomery (County of), PA (River Pionte) N/A Montgomery (County of), PA (River Pionte), Series 2023, RB 613646AA6 1700000.00000000 PA USD 1676510.76000000 0.877583631191 Long DBT MUN US N 2 2043-09-01 Fixed 6.50000000 N N N N N N Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School) 549300DIY68KQZEW7M79 Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School), Series 2016 A, Ref. RB 71781XBX0 1500000.00000000 PA USD 1468009.65000000 0.768441974849 Long DBT MUN US N 2 2046-08-01 Fixed 5.25000000 N N N N N N Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University) 549300DIY68KQZEW7M79 Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University), Series 2022, RB 71780TBL6 2000000.00000000 PA USD 2021286.20000000 1.058059229558 Long DBT MUN US N 2 2052-11-01 Fixed 5.25000000 N N N N N N Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.) N/A Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.), Series 2019, Ref. RB 663549NU3 1050000.00000000 PA USD 889512.86000000 0.465622973794 Long DBT MUN US N 2 2049-11-01 Fixed 5.00000000 N N N N N N Cumberland (County of), PA Municipal Authority (Messiah Village) N/A Cumberland (County of), PA Municipal Authority (Messiah Village), Series 2018, Ref. RB 230614ND7 1565000.00000000 PA USD 1570388.45000000 0.822033017152 Long DBT MUN US N 2 2031-07-01 Fixed 5.00000000 N N N N N N Philadelphia (City of), PA Authority for Industrial Development (Independence Charter School - West) 549300DIY68KQZEW7M79 Philadelphia (City of), PA Authority for Industrial Development (Independence Charter School - West), Series 2019, RB 71781XGA5 1025000.00000000 PA USD 877525.26000000 0.459347963941 Long DBT MUN US N 2 2050-06-15 Fixed 5.00000000 N N N N N N Commonwealth Financing Authority N/A Commonwealth Financing Authority, Series 2018, RB 20282EAP1 2000000.00000000 PA USD 2062990.00000000 1.079889433761 Long DBT MUN US N 2 2033-06-01 Fixed 5.00000000 N N N N N N Pennsylvania Turnpike Commission 549300J8LLBYEYEXZJ24 Pennsylvania Turnpike Commission, Series 2025, RB 709225NY8 2500000.00000000 PA USD 2587815.75000000 1.354613878373 Long DBT MUN US N 2 2055-12-01 Fixed 5.25000000 N N N N N N Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network) N/A Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network), Series 2016, Ref. RB 66353RCD4 625000.00000000 PA USD 606233.75000000 0.317338145611 Long DBT MUN US N 2 2046-08-15 Fixed 5.00000000 N N N N N N Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments) 549300DIY68KQZEW7M79 Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments), Series 2017, RB 717908AH0 1000000.00000000 PA USD 1027764.40000000 0.537991902993 Long DBT MUN US N 2 2026-12-01 Fixed 5.00000000 N N N N N N Montgomery (County of), PA Industrial Development Authority (Meadwood Senior Living) N/A Montgomery (County of), PA Industrial Development Authority (Meadwood Senior Living), Series 2018 A, Ref. RB 613609F92 2840000.00000000 PA USD 2732454.03000000 1.430326000239 Long DBT MUN US N 2 2048-12-01 Fixed 5.00000000 N N N N N N Pennsylvania (Commonwealth of) Turnpike Commission 549300J8LLBYEYEXZJ24 Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 B-1, RB 709224WR6 2370000.00000000 PA USD 2383966.65000000 1.247907355718 Long DBT MUN US N 2 2047-06-01 Fixed 5.25000000 N N N N N N Philadelphia School District (The) 254900HSKDHZKBZCUL90 Philadelphia School District (The), Series 2019 A, GO Bonds 717883WG3 1450000.00000000 PA USD 1446078.77000000 0.756962071609 Long DBT MUN US N 2 2044-09-01 Fixed 5.00000000 N N N N N N West Cornwall Township Municipal Authority (Pleasant View Retirement Community) N/A West Cornwall Township Municipal Authority (Pleasant View Retirement Community), Series 2018 C, Ref. RB 95235TAE3 3670000.00000000 PA USD 3233807.66000000 1.692763766595 Long DBT MUN US N 2 2048-12-15 Fixed 5.00000000 N N N N N N Puerto Rico (Commonwealth of) Electric Power Authority 5493003BRB67HF8ST418 Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB 74526QPP1 2660000.00000000 PA USD 2641866.78000000 1.382907343771 Long DBT MUN US N 2 2031-07-01 Fixed 5.25000000 N N N N N N Philadelphia (City of), PA Parking Authority (The) N/A Philadelphia (City of), PA Parking Authority (The), Series 1999 A, RB 717842FX1 1345000.00000000 PA USD 1347249.51000000 0.705229065816 Long DBT MUN US N 2 2029-02-15 Fixed 5.25000000 N N N N N N Lancaster (County of), PA Hospital Authority (Masonic Villages) N/A Lancaster (County of), PA Hospital Authority (Masonic Villages), Series 2023, Ref. RB 514045X81 1000000.00000000 PA USD 1047667.60000000 0.548410400115 Long DBT MUN US N 2 2038-11-01 Fixed 5.12500000 N N N N N N Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System) N/A Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania Health System), Series 2019, RB 70917S6W8 5810000.00000000 PA USD 5220500.55000000 2.732714837633 Long DBT MUN US N 2 2044-08-15 Fixed 4.00000000 N N N N N N Allegheny (County of), PA Sanitary Authority N/A Allegheny (County of), PA Sanitary Authority, Series 2022, RB 017357N75 1750000.00000000 PA USD 1843710.05000000 0.965105503135 Long DBT MUN US N 2 2052-06-01 Fixed 5.75000000 N N N N N N Children's Trust Fund N/A Children's Trust Fund, Series 2005 A, RB 16876QBJ7 17475000.00000000 PA USD 3184885.16000000 1.667154873279 Long DBT MUN US N 2 2050-05-15 None 0.00000000 N N N N N N Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living) N/A Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living), Series 2021, Ref. RB 70869PNK9 2180000.00000000 PA USD 1819518.69000000 0.952442332663 Long DBT MUN US N 2 2046-07-01 Fixed 4.00000000 N N N N N N Puerto Rico (Commonwealth of) 549300X44HXPLJU48U63 Puerto Rico (Commonwealth of), Series 2021 A, GO Bonds 74514L3R6 12000000.00000000 PA USD 8133759.60000000 4.257684743402 Long DBT MUN US N 2 2033-07-01 None 0.00000000 N N N N N N Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue) 54930046B973R604OG22 Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue), Series 2018 A, Ref. RB 01728A4A1 13385000.00000000 PA USD 13067695.19000000 6.840394747086 Long DBT MUN US N 2 2047-04-01 Fixed 5.00000000 N N N N N N Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.) N/A Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities, Inc.), Series 2020 C, RB 61360PCL2 200000.00000000 PA USD 174885.20000000 0.091545126055 Long DBT MUN US N 2 2043-11-15 Fixed 4.00000000 N N N N N N Pennsylvania (Commonwealth of) Turnpike Commission 549300J8LLBYEYEXZJ24 Pennsylvania (Commonwealth of) Turnpike Commission, Series 2009 E, RB 709223XW6 720000.00000000 PA USD 757409.26000000 0.396472235399 Long DBT MUN US N 2 2038-12-01 Variable 6.37500000 N N N N N N Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)) N/A Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)), Series 2017 A, Ref. RB 08452RAD8 1200000.00000000 PA USD 1106094.12000000 0.578994252484 Long DBT MUN US N 2 2047-05-15 Fixed 5.00000000 N N N N N N Philadelphia (City of), PA 549300IVFOPB4AG7UL47 Philadelphia (City of), PA, Series 2021, Ref. RB 717817XV7 1000000.00000000 PA USD 948127.90000000 0.496305508540 Long DBT MUN US N 2 2039-07-01 Fixed 4.00000000 N N N N N N Children's Trust Fund N/A Children's Trust Fund, Series 2008 A, RB 16876QBL2 9170000.00000000 PA USD 550467.76000000 0.288146970004 Long DBT MUN US N 2 2057-05-15 None 0.00000000 N N N N N N Latrobe (City of), PA Industrial Development Authority (Seton Hill University) 5493008FA05J2R0XCZ14 Latrobe (City of), PA Industrial Development Authority (Seton Hill University), Series 2021, Ref. RB 518324AU2 750000.00000000 PA USD 581455.28000000 0.304367647480 Long DBT MUN US N 2 2046-03-01 Fixed 4.00000000 N N N N N N Pennsylvania (Commonwealth of) Economic Development Financing Authority (Villanova University) N/A Pennsylvania (Commonwealth of) Economic Development Financing Authority (Villanova University), Series 2024, RB 70869PQC4 3500000.00000000 PA USD 2995981.80000000 1.568271823693 Long DBT MUN US N 2 2054-08-01 Fixed 4.00000000 N N N N N N Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living) N/A Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living), Series 2023, RB 70869PPB7 710000.00000000 PA USD 707337.64000000 0.370261825572 Long DBT MUN US N 2 2049-07-01 Fixed 5.25000000 N N N N N N Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia) 549300DIY68KQZEW7M79 Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia), Series 2024, RB 717901BZ4 3000000.00000000 PA USD 3119526.00000000 1.632942072304 Long DBT MUN US N 2 2049-07-01 Fixed 5.25000000 N N N N N N Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.) N/A Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.), Series 2019, Ref. RB 663549NT6 500000.00000000 PA USD 472737.00000000 0.247458151153 Long DBT MUN US N 2 2039-11-01 Fixed 5.00000000 N N N N N N Allegheny (County of), PA Sanitary Authority N/A Allegheny (County of), PA Sanitary Authority, Series 2018, RB 017357E83 2100000.00000000 PA USD 1863230.25000000 0.975323515692 Long DBT MUN US N 2 2048-06-01 Fixed 4.00000000 N N N N N N Philadelphia (City of), PA Authority for Industrial Development (Social Bonds) 549300DIY68KQZEW7M79 Philadelphia (City of), PA Authority for Industrial Development (Social Bonds), Series 2024, Ref. RB 71780CBY5 615000.00000000 PA USD 604182.89000000 0.316264605727 Long DBT MUN US N 2 2039-06-15 Fixed 5.00000000 N N N N N N Pennsylvania (Commonwealth of) Turnpike Commission 549300J8LLBYEYEXZJ24 Pennsylvania (Commonwealth of) Turnpike Commission, Series 2022 B, Ref. RB 709225GL4 2000000.00000000 PA USD 2058066.80000000 1.077312343392 Long DBT MUN US N 2 2052-12-01 Fixed 5.25000000 N N N N N N Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (La Salle University) N/A Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (La Salle University), Series 2012, RB 70917R7G4 2570000.00000000 PA USD 1807396.19000000 0.946096708273 Long DBT MUN US N 2 2042-05-01 Fixed 5.00000000 N N N N N N Pennsylvania (Commonwealth of) Economic Development Financing Authority (PA Bridges Finco L.P.) N/A Pennsylvania (Commonwealth of) Economic Development Financing Authority (PA Bridges Finco L.P.), Series 2015, RB 70869PHV2 2760000.00000000 PA USD 2771623.19000000 1.450829425856 Long DBT MUN US N 2 2034-12-31 Fixed 5.00000000 N N N N N N Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II) 549300DIY68KQZEW7M79 Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II), Series 2020, RB 71780CAH3 325000.00000000 PA USD 332907.77000000 0.174263366880 Long DBT MUN US N 2 2030-08-01 Fixed 5.00000000 N N N N N N 2025-06-30 Invesco Pennsylvania Value Municipal Income Trust Adrien Deberghes Adrien Deberghes Principal Financial Officer and Treasurer XXXX NPORT-EX 2 edgar.htm EDGAR HTML
Schedule of Investments  
May 31, 2025
(Unaudited) 
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Municipal Obligations–156.15%(a)
Pennsylvania–143.47%
 
 
Adams (County of), PA General Authority (Brethren Home Community (The)); Series 2024, Ref. RB
5.00%
06/01/2054
 
$2,000
$1,841,736
Allegheny (County of), PA Airport Authority;
     
 
 
Series 2021 A, RB(b)
5.00%
01/01/2051
 
1,320
1,283,586
Series 2021 A, RB (INS - AGI)(b)(c)
4.00%
01/01/2056
 
3,000
2,450,296
Allegheny (County of), PA Airport Authority (Pittsburgh Airport); Series 2023 A, RB (INS - AGI)(b)(c)
5.50%
01/01/2053
 
4,000
4,132,275
Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group
Issue);
     
 
 
Series 2018 A, RB(d)(e)
5.00%
04/01/2047
 
7,885
7,698,078
Series 2018 A, Ref. RB
5.00%
04/01/2047
 
2,750
2,684,808
Allegheny (County of), PA Hospital Development Authority (University of Pittsburgh Medical Center);
Series 2007 A-1, RB (3 mo. Term SOFR + 0.82%)(f)
3.86%
02/01/2037
 
985
980,280
Allegheny (County of), PA Sanitary Authority;
     
 
 
Series 2018, RB
4.00%
06/01/2048
 
2,100
1,863,230
Series 2022, RB
5.75%
06/01/2052
 
1,750
1,843,710
Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center);
Series 2024, RB(g)
5.00%
05/01/2042
 
1,930
1,865,015
Allentown (City of), PA Neighborhood Improvement Zone Development Authority (Neuweiler Lofts);
Series 2023, RB(g)
6.25%
05/01/2042
 
1,750
1,680,523
Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)); Series 2017
A, Ref. RB
5.00%
05/15/2047
 
1,200
1,106,094
Bucks (County of), PA Industrial Development Authority (Pennswood Village); Series 2018, Ref. RB
5.00%
10/01/2037
 
980
987,754
Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services); Series 2019,
Ref. RB (Acquired 12/18/2019-08/24/2021; Cost $3,748,933)(h)
5.00%
12/01/2051
 
3,625
2,756,573
Chester (County of), PA Industrial Development Authority (Avon Grove Charter School); Series 2017 A,
Ref. RB
5.00%
12/15/2047
 
1,160
1,074,787
Chester (County of), PA Industrial Development Authority (Collegium Charter School); Series 2017 A,
RB
5.25%
10/15/2047
 
2,555
2,336,467
Chester (County of), PA Industrial Development Authority (Longwood Gardens) (Green Bonds);
     
 
 
Series 2019, RB
5.00%
12/01/2044
 
3,690
3,755,112
Series 2019, RB
4.00%
12/01/2049
 
1,650
1,426,538
Chester (County of), PA Industrial Development Authority (University Student Housing, LLC at West
Chester University of Pennsylvania); Series 2013, RB
5.00%
08/01/2045
 
2,425
2,178,904
Coatesville School District;
     
 
 
Series 2020 A, GO Bonds (INS - BAM)(c)(i)
0.00%
10/01/2034
 
150
97,638
Series 2020 A, GO Bonds (INS - BAM)(c)(i)
0.00%
10/01/2038
 
1,450
732,705
Series 2020 B, Ref. GO Bonds (INS - BAM)(c)(i)
0.00%
10/01/2033
 
275
189,515
Series 2020 B, Ref. GO Bonds (INS - BAM)(c)(i)
0.00%
10/01/2034
 
550
358,005
Series 2020 C, Ref. GO Notes (INS - BAM)(c)(i)
0.00%
10/01/2033
 
360
248,092
Commonwealth Financing Authority;
     
 
 
Series 2018, RB(e)
5.00%
06/01/2031
 
3,500
3,631,521
Series 2018, RB(d)(e)
5.00%
06/01/2032
 
2,000
2,069,521
Series 2018, RB(d)(e)
5.00%
06/01/2033
 
2,000
2,062,990
Series 2018, RB(d)(e)
5.00%
06/01/2035
 
3,045
3,121,112
Cumberland (County of), PA Municipal Authority; Series 2015, Ref. RB
5.00%
01/01/2038
 
1,590
1,573,037
Cumberland (County of), PA Municipal Authority (Messiah Village); Series 2018, Ref. RB
5.00%
07/01/2031
 
1,565
1,570,388
Delaware (County of), PA Authority (Eastern University); Series 2012, RB(j)(k)
5.25%
06/26/2025
 
310
310,422
Delaware (State of) River Port Authority; Series 2013, RB
5.00%
01/01/2040
 
1,510
1,510,685
Delaware Valley Regional Finance Authority; Series 2002, RB
5.75%
07/01/2032
 
2,500
2,838,156
DuBois (City of), PA Hospital Authority (Penn Highlands Healthcare); Series 2018, Ref. RB
5.00%
07/15/2048
 
3,000
2,625,852
East Hempfield (Township of), PA Industrial Development Authority (Willow Valley Communities);
Series 2016, Ref. RB
5.00%
12/01/2030
 
1,420
1,422,134
Erie (City of), PA Higher Education Building Authority (AICUP Financing Program); Series 2021, RB
5.00%
05/01/2047
 
480
438,432
Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.); Series 2019, RB
5.00%
12/01/2049
 
510
433,543
Geisinger Authority (Geisinger Health System); Series 2017 A-1, Ref. RB
4.00%
02/15/2047
 
2,000
1,692,394
See accompanying notes which are an integral part of this schedule.
Invesco Pennsylvania Value Municipal Income Trust
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Pennsylvania–(continued)
Lancaster (County of), PA Hospital Authority (Brethren Village);
     
 
 
Series 2017, Ref. RB
5.13%
07/01/2037
 
$770
$751,728
Series 2017, Ref. RB
5.25%
07/01/2041
 
1,500
1,427,777
Lancaster (County of), PA Hospital Authority (Landis Homes Retirement Community); Series 2015, Ref.
RB
5.00%
07/01/2045
 
3,800
3,522,915
Lancaster (County of), PA Hospital Authority (Masonic Villages); Series 2023, Ref. RB
5.13%
11/01/2038
 
1,000
1,047,668
Lancaster (County of), PA Hospital Authority (Penn State Health); Series 2021, RB
5.00%
11/01/2046
 
4,215
4,203,248
Lancaster School District; Series 2020, GO Bonds (INS - AGI)(c)
4.00%
06/01/2036
 
1,275
1,257,745
Latrobe (City of), PA Industrial Development Authority (Seton Hill University);
     
 
 
Series 2021, Ref. RB
4.00%
03/01/2046
 
750
581,455
Series 2021, Ref. RB
4.00%
03/01/2051
 
265
197,724
Lehigh (County of), PA (Lehigh Valley Health Network); Series 2019, Ref. RB
4.00%
07/01/2049
 
7,395
5,986,532
Lehigh (County of), PA General Purpose Authority (Lehigh Valley Dual Language Charter School);
Series 2023, RB
7.00%
06/01/2053
 
1,225
1,293,925
Lehigh (County of), PA General Purpose Authority (Muhlenberg College);
     
 
 
Series 2024, Ref. RB
5.25%
02/01/2049
 
2,155
2,161,979
Series 2024, Ref. RB
5.25%
02/01/2054
 
1,530
1,529,531
Littlestown Area School District; Series 2023 A, GO Bonds (INS - BAM)(c)
5.00%
10/01/2050
 
1,000
1,007,933
Maxatawny (Township of), PA Municipal Authority (Diakon Lutheran Social Ministries);
     
 
 
Series 2022 A, RB
5.00%
01/01/2042
 
500
482,677
Series 2022 A, RB
4.50%
01/01/2045
 
450
398,311
Montgomery (County of), PA (River Pionte); Series 2023, RB(g)
6.50%
09/01/2043
 
1,700
1,676,511
Montgomery (County of), PA Higher Education & Health Authority (Holy Redeemer Health System);
Series 2014 A, Ref. RB
5.00%
10/01/2027
 
2,460
2,459,884
Montgomery (County of), PA Higher Education & Health Authority (Philadelphia Presbytery Homes, Inc.);
Series 2017, Ref. RB
5.00%
12/01/2047
 
3,000
2,793,528
Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University);
     
 
 
Series 2019, Ref. RB
4.00%
09/01/2049
 
3,550
2,945,571
Series 2022, Ref. RB
4.00%
05/01/2056
 
5,755
4,526,003
Montgomery (County of), PA Industrial Development Authority (ACTS Retirement-Life Communities,
Inc.);
     
 
 
Series 2016, Ref. RB
5.00%
11/15/2036
 
4,285
4,316,361
Series 2020 C, RB
4.00%
11/15/2043
 
200
174,885
Series 2023, RB
5.25%
11/15/2053
 
500
503,380
Montgomery (County of), PA Industrial Development Authority (Germantown Academy);
     
 
 
Series 2021, Ref. RB
4.00%
10/01/2036
 
1,000
933,709
Series 2021, Ref. RB
4.00%
10/01/2046
 
625
526,844
Montgomery (County of), PA Industrial Development Authority (Meadwood Senior Living); Series 2018
A, Ref. RB
5.00%
12/01/2048
 
2,840
2,732,454
Montgomery (County of), PA Industrial Development Authority (Waverly Heights Ltd.); Series 2019,
Ref. RB
5.00%
12/01/2049
 
1,000
938,877
Northampton (County of), PA General Purpose Authority (St. Luke’s University Health Network);
     
 
 
Series 2016, Ref. RB
5.00%
08/15/2036
 
1,170
1,175,298
Series 2016, Ref. RB
5.00%
08/15/2046
 
625
606,234
Northampton (County of), PA Industrial Development Authority (Morningstar Senior Living, Inc.);
     
 
 
Series 2019, Ref. RB
5.00%
11/01/2039
 
500
472,737
Series 2019, Ref. RB
5.00%
11/01/2044
 
950
837,596
Series 2019, Ref. RB
5.00%
11/01/2049
 
1,050
889,513
Northeastern Pennsylvania (Commonwealth of) Hospital & Education Authority (Kings College);
Series 2019, RB
5.00%
05/01/2044
 
1,000
918,455
Pennsylvania (Commonwealth of) Economic Development Financing Authority;
     
 
 
Series 2023 A-2, RB
4.00%
05/15/2053
 
1,750
1,422,304
Series 2025, Ref. RB(b)(g)(k)
5.45%
03/27/2035
 
1,000
994,591
Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson Co.);
Series 2014, Ref. RB(b)
5.50%
11/01/2044
 
2,365
2,366,839
Pennsylvania (Commonwealth of) Economic Development Financing Authority (PA Bridges Finco L.P.);
Series 2015, RB(b)
5.00%
12/31/2034
 
2,760
2,771,632
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges);
     
 
 
Series 2022, RB(b)
5.25%
06/30/2053
 
1,400
1,367,707
Series 2022, RB (INS - AGI)(b)(c)
5.00%
12/31/2057
 
5,000
4,818,216
See accompanying notes which are an integral part of this schedule.
Invesco Pennsylvania Value Municipal Income Trust
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Pennsylvania–(continued)
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid
Bridge Replacement);
     
 
 
Series 2015, RB(b)
5.00%
12/31/2038
 
$2,640
$2,593,697
Series 2015, RB(b)
5.00%
06/30/2042
 
1,750
1,700,502
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Philadelphia Biosolids
Facilities); Series 2020, Ref. RB
4.00%
01/01/2032
 
400
402,288
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior
Living);
     
 
 
Series 2021, Ref. RB
4.00%
07/01/2041
 
1,050
931,553
Series 2021, Ref. RB
4.00%
07/01/2046
 
2,180
1,819,519
Series 2023, RB
5.25%
07/01/2049
 
710
707,338
Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC); Series 2020
A-1, RB
4.00%
04/15/2050
 
2,470
2,032,518
Pennsylvania (Commonwealth of) Economic Development Financing Authority (Villanova University);
Series 2024, RB
4.00%
08/01/2054
 
3,500
2,995,982
Pennsylvania (Commonwealth of) Higher Education Assistance Agency;
     
 
 
Series 2023 A, RB(b)
4.00%
06/01/2044
 
2,125
2,043,328
Series 2023 B, RB(b)
5.00%
06/01/2050
 
500
453,933
Pennsylvania (Commonwealth of) Higher Educational Facilities Authority; Series 2025, RB(e)
4.25%
02/15/2055
 
2,500
2,245,855
Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (La Salle University);
Series 2012, RB
5.00%
05/01/2042
 
2,570
1,807,396
Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (University of Pennsylvania
Health System); Series 2019, RB
4.00%
08/15/2044
 
5,810
5,220,501
Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds);
     
 
 
Series 2023 141-A, RB
5.75%
10/01/2053
 
866
914,773
Series 2023 143-A, RB
5.30%
04/01/2044
 
4,000
4,121,711
Series 2024-145A, RB
6.00%
10/01/2054
 
1,490
1,604,355
Series 2024-146A, RB
6.25%
10/01/2054
 
2,000
2,178,044
Pennsylvania (Commonwealth of) Turnpike Commission;
     
 
 
First series 2023, Ref. RB
5.00%
12/01/2043
 
1,000
1,027,048
Series 2009 C, RB (INS - AGI)(c)
6.25%
06/01/2033
 
5,840
6,002,025
Series 2009 E, RB
6.38%
12/01/2038
 
720
757,409
Series 2017 A, RB(d)(e)
5.50%
12/01/2042
 
10,000
10,153,610
Series 2017 B-1, RB
5.25%
06/01/2047
 
2,370
2,383,967
Series 2018 A-2, RB
5.00%
12/01/2043
 
2,500
2,523,359
Series 2019 A, RB
5.00%
12/01/2049
 
5,000
5,039,492
Series 2022 B, Ref. RB
5.25%
12/01/2052
 
2,000
2,058,067
Series 2023, Ref. RN (SIFMA Municipal Swap Index + 0.85%)(f)(k)
2.82%
07/15/2026
 
2,000
1,996,210
Pennsylvania Turnpike Commission; Series 2025, RB(e)
5.25%
12/01/2055
 
2,500
2,587,816
Philadelphia (City of), PA;
     
 
 
Series 2017 15, Ref. RB
5.00%
08/01/2047
 
1,100
1,100,173
Series 2017 B, Ref. RB(b)
5.00%
07/01/2042
 
4,000
3,957,948
Series 2017 B, Ref. RB(b)
5.00%
07/01/2047
 
3,865
3,805,726
Series 2019 B, GO Bonds
5.00%
02/01/2037
 
1,000
1,040,080
Series 2020 A, RB
5.00%
11/01/2050
 
3,750
3,680,632
Series 2020 C, Ref. RB(b)
4.00%
07/01/2034
 
1,300
1,294,179
Series 2020 C, Ref. RB(b)
4.00%
07/01/2050
 
1,000
846,541
Series 2021, Ref. RB (INS - AGI)(b)(c)
4.00%
07/01/2039
 
1,000
948,128
Philadelphia (City of), PA Authority for Industrial Development (Independence Charter School - West);
Series 2019, RB
5.00%
06/15/2050
 
1,025
877,525
Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia Charter School);
Series 2016 B, RB
5.00%
04/01/2046
 
2,360
2,063,273
Philadelphia (City of), PA Authority for Industrial Development (La Salle University); Series 2024, Ref.
RB(g)
6.00%
05/01/2030
 
2,260
2,149,489
Philadelphia (City of), PA Authority for Industrial Development (MaST Community Charter School II);
     
 
 
Series 2020, RB
5.00%
08/01/2030
 
325
332,908
Series 2020, RB
5.00%
08/01/2040
 
620
612,421
Series 2020, RB
5.00%
08/01/2050
 
1,400
1,330,734
Philadelphia (City of), PA Authority for Industrial Development (MaST I Charter School); Series 2016 A,
Ref. RB
5.25%
08/01/2046
 
1,500
1,468,010
See accompanying notes which are an integral part of this schedule.
Invesco Pennsylvania Value Municipal Income Trust
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Pennsylvania–(continued)
Philadelphia (City of), PA Authority for Industrial Development (Social Bonds);
     
 
 
Series 2024, Ref. RB(g)
5.00%
06/15/2039
 
$615
$604,183
Series 2024, Ref. RB(g)
5.00%
06/15/2043
 
500
476,758
Philadelphia (City of), PA Authority for Industrial Development (St. Joseph’s University); Series 2022,
RB
5.25%
11/01/2052
 
2,000
2,021,286
Philadelphia (City of), PA Authority for Industrial Development (String Theory Charter School);
Series 2020, Ref. RB(g)
5.00%
06/15/2050
 
1,700
1,544,098
Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University);
Series 2017 A, Ref. RB
5.00%
09/01/2047
 
980
945,480
Philadelphia (City of), PA Authority for Industrial Development (University Square Apartments);
     
 
 
Series 2017, RB(j)(k)
4.00%
12/01/2026
 
1,000
1,013,242
Series 2017, RB(j)(k)
5.00%
12/01/2026
 
1,000
1,027,764
Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated
Group); Series 2017, Ref. RB
5.00%
07/01/2042
 
3,025
2,820,791
Philadelphia (City of), PA Housing Authority (PHA Headquarters); Series 2017, RB
5.00%
05/01/2042
 
1,415
1,423,068
Philadelphia (City of), PA Parking Authority (The); Series 1999 A, RB (INS - AMBAC)(c)
5.25%
02/15/2029
 
1,345
1,347,250
Philadelphia Authority for Industrial Development; Series 2025, RB(e)
5.25%
07/01/2049
 
3,000
3,119,526
Philadelphia School District (The);
     
 
 
Series 2007 A, Ref. GO Bonds (INS - NATL)(c)
5.00%
06/01/2025
 
1,965
1,965,000
Series 2019 A, GO Bonds
5.00%
09/01/2044
 
1,450
1,446,079
Reading School District;
     
 
 
Series 2017, Ref. GO Bonds (INS - AGI)(c)
5.00%
03/01/2037
 
1,500
1,523,542
Series 2017, Ref. GO Bonds (INS - AGI)(c)
5.00%
03/01/2038
 
1,500
1,519,660
Scranton-Lackawanna Health and Welfare Authority;
     
 
 
Series 2025 A, Ref. RB
5.00%
11/01/2050
 
1,000
980,918
Series 2025 A, Ref. RB
4.38%
11/01/2055
 
1,000
899,429
Southeastern Pennsylvania Transportation Authority (Asset Improvement Program); Series 2022, RB
5.25%
06/01/2047
 
3,000
3,108,922
Tender Option Bond Trust Receipts/Certificates; Series 2025, RB (INS - AGI)(c)(e)
5.25%
09/01/2049
 
7,500
7,816,528
Washington (County of), PA Redevelopment Authority (Victory Centre);
     
 
 
Series 2018, Ref. RB
5.00%
07/01/2028
 
575
575,753
Series 2018, Ref. RB
5.00%
07/01/2035
 
1,000
976,371
West Cornwall Township Municipal Authority (Pleasant View Retirement Community); Series 2018 C,
Ref. RB
5.00%
12/15/2048
 
3,670
3,233,808
 
 
 
 
274,091,704
Puerto Rico–10.19%
 
 
Children’s Trust Fund;
     
 
 
Series 2002, RB
5.63%
05/15/2043
 
1,265
1,279,559
Series 2005 A, RB(i)
0.00%
05/15/2050
 
17,475
3,184,885
Series 2005 B, RB(i)
0.00%
05/15/2055
 
7,700
900,277
Series 2008 A, RB(i)
0.00%
05/15/2057
 
9,170
550,468
Series 2008 B, RB(i)
0.00%
05/15/2057
 
28,400
1,603,745
Puerto Rico (Commonwealth of); Series 2021 A, GO Bonds(i)
0.00%
07/01/2033
 
12,000
8,133,760
Puerto Rico (Commonwealth of) Electric Power Authority; Series 2007 VV, Ref. RB (INS - AGI)(c)
5.25%
07/01/2031
 
2,660
2,641,867
Puerto Rico Sales Tax Financing Corp.; Series 2019 A-2, RB
4.33%
07/01/2040
 
1,250
1,167,268
 
 
 
 
19,461,829
Virgin Islands–1.84%
 
 
Virgin Islands (Government of) Public Finance Authority (Garvee); Series 2015, RB(g)(j)(k)
5.00%
09/01/2025
 
2,230
2,240,219
Virgin Islands Transportation & Infrastructure Corp. (Garvee); Series 2025, Ref. RB
5.00%
09/01/2041
 
1,225
1,267,443
 
 
 
 
3,507,662
See accompanying notes which are an integral part of this schedule.
Invesco Pennsylvania Value Municipal Income Trust
 
Interest
Rate
Maturity
Date
Principal
Amount
(000)
Value
Guam–0.65%
 
 
Guam (Territory of) (Section 30); Series 2016 A, Ref. RB
5.00%
12/01/2046
 
$1,250
$1,235,673
TOTAL INVESTMENTS IN SECURITIES(l)–156.15% (Cost $310,739,626)
298,296,868
FLOATING RATE NOTE OBLIGATIONS–(16.01)%
Notes with interest and fee rates ranging from 2.52% to 2.62% at 05/31/2025 and
contractual maturities of collateral ranging from 06/01/2031 to 12/01/2055(m)
     
 
 
(30,580,000
)
VARIABLE RATE MUNI TERM PREFERRED SHARES–(41.22)%
(78,740,265
)
OTHER ASSETS LESS LIABILITIES–1.08%
2,060,547
NET ASSETS APPLICABLE TO COMMON SHARES–100.00%
$191,037,150
Investment Abbreviations: 
AGI
– Assured Guaranty Inc.
AMBAC
– American Municipal Bond Assurance Corp.
BAM
– Build America Mutual Assurance Co.
GO
– General Obligation
INS
– Insurer
NATL
– National Public Finance Guarantee Corp.
RB
– Revenue Bonds
Ref.
– Refunding
RN
– Revenue Notes
SIFMA
– Securities Industry and Financial Markets Association
SOFR
– Secured Overnight Financing Rate
Notes to Schedule of Investments: 
(a)
Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust’s use of leverage.
(b)
Security subject to the alternative minimum tax.
(c)
Principal and/or interest payments are secured by the bond insurance company listed.
(d)
Security is subject to a reimbursement agreement which may require the Trust to pay amounts to a counterparty in the event of a significant decline in the market
value of the security underlying the TOB Trusts. In case of a shortfall, the maximum potential amount of payments the Trust could ultimately be required to make
under the agreement is $21,860,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB
Trusts.
(e)
Underlying security related to TOB Trusts entered into by the Trust.
(f)
Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2025.
(g)
Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”). The security may be
resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at
May 31, 2025 was $13,231,387, which represented 6.93% of the Trust’s Net Assets.
(h)
Restricted security. The value of this security at May 31, 2025 represented 1.44% of the Trust’s Net Assets.
(i)
Zero coupon bond issued at a discount.
(j)
Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral.
(k)
Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put.
(l)
This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the
securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced the credit quality of a security, it is not primarily
responsible for the issuer’s obligations but may be called upon to satisfy the issuer’s obligations.
 
Entity
Percent
Assured Guaranty Inc.
11.10
%
 
(m)
Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at May 31, 2025. At May 31, 2025, the
Trust’s investments with a value of $44,506,557 are held by TOB Trusts and serve as collateral for the $30,580,000 in the floating rate note obligations
outstanding at that date.
The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.
See accompanying notes which are an integral part of this schedule.
Invesco Pennsylvania Value Municipal Income Trust
Notes to Quarterly Schedule of Portfolio Holdings
May 31, 2025
(Unaudited)
NOTE 1—Additional Valuation Information
Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
Level 1 — Prices are determined using quoted prices in an active market for identical assets.
Level 2 — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.
Level 3 — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.’s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
As of May 31, 2025, all of the securities in this Trust were valued based on Level 2 inputs (see the Schedule of Investments for security categories). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
Invesco Pennsylvania Value Municipal Income Trust