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Local Oversight by Local Officials: PLGIT is overseen closer to home by government officials who have a front row perspective on local economic environments. PLGIT has an 11-member Board of Trustees elected annually by a majority of PLGIT Investors. Permitted Investments: PLGIT invests solely in investments permitted by the codes governing local governments and schools in Pennsylvania. Those investments can include: • U.S. Treasury Bills/Notes • Short-term debt of highly rated federal agencies such as the Federal Home Loan Bank • Appropriately collateralized certificates of deposit and time deposits in banks • Debt issued by the Commonwealth of Pennsylvania or a state-level agency • Short-term repurchase agreements with highly-rated financial brokers backed by appropriate collateral held in custody in the name of the Trust • Commercial paper and other Act-10 permitted investments PLGIT’s portfolio managers and trading staff buy and sell investments that focus exclusively on meeting investor needs and finding opportunities to optimize returns in the market only after focusing on the safety of the principal. Seeking stable NAV: As a local government investment pool, PLGIT seeks to maintain a stable NAV of $1.00 per share for each dollar invested by shareholders. For more information about risk assessment, or the standard policies that PLGIT maintains to manage public funds regardless of conditions, contact your PLGIT representative at (800) 572-1472. S Courtney Mulholland is a Director with PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. She works with public sector investors across Eastern Pennsylvania. She can be reached at mulhollandc@pfmam.com Important Disclosure Information This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the investment objectives, risks, charges and expenses before investing in any of the Trust’s portfolios. This and other information about the Trust’s portfolios are available in the current Information Statement, which should be read carefully before investing. A copy of the Information Statement may be obtained by calling 1-800-572-1472 or is available on the Trust’s website at www.plgit.com. While the PLGIT and PLGIT/PRIME portfolios seek to maintain a stable net asset value of $1.00 per share and the PLGIT/TERM portfolio seeks to achieve a net asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust’s portfolio are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org ). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Trust. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A. EPa f ilEs m otioN iN l awsuit to v aCatE P ortioNs of Pfas r ulE This Fall, EPA filed a “Respondents’ Motion for Partial Vacatur,” in the PFAS National Primary Drinking Water Regulation (NPDWR) lawsuit to the U.S. Court of Appeals for the D.C. Circuit. The petition for the lawsuit was originally filed by the American Water Works Association (AWWA) and Association of Metropolitan Water Agencies (AMWA) in June 2024. This motion requests that the court vacate the final MCLs for PFNA, PFHxS, and HFPO-DA, and the Hazard Index calculation that included these three PFAS plus PFBS, from the litigation. The motion states that, “Now, after further reviewing the statute pursuant to a publicly announced reconsideration process, EPA agrees with petitioners that parts of the rulemaking process were unlawful, and parts of the Rule are thus invalid.” This is because “EPA departed from the statutory scheme by proposing and finalizing a regulatory determination and regulation simultaneously and in tandem.” However, this is not applicable to the MCLs for PFOA and PFOS in the rule which EPA intends to keep and defend. For more information, read the document here: www.asdwa.org/wp-content/ uploads/2025/09/EPA-Motion-for- partial-vacatur_2025-09-11.pdf . For a timeline of PFAS NPDWR litigation actions, visit the AMWA website: www.amwa.net/pfas-litigation- information. S