# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-26-020273
**Filing Date:** 2026-5
**Character Count:** 25289
**Document Hash:** 717c9919bc933546e538f1b71b2ecc12
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020273.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020273

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PENN SERIES FUNDS INC
- **CENTRAL INDEX KEY:** 0000702340

**ORGANIZATION NAME:**
- **EIN:** 232209178
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03459
- **FILM NUMBER:** 261007363

**BUSINESS ADDRESS:**
- **STREET 1:** 600 DRESHER RD
- **STREET 2:** C3D
- **CITY:** HORSHAM
- **STATE:** PA
- **ZIP:** 19044
- **BUSINESS PHONE:** (215) 956-8835

**MAIL ADDRESS:**
- **STREET 1:** 600 DRESHER ROAD
- **STREET 2:** C3D
- **CITY:** HORSHAM
- **STATE:** PA
- **ZIP:** 19044

## Series and Classes Contracts Data

### Real Estate Securities Fund (Series ID: S000006729)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000018292 | Real Estate Securities Fund |  |

## Nport-Ex

#### Penn Series Funds, Inc.<br>

#### Schedule of Investments — March 31, 2026 (Unaudited)<br>

#### Real Estate Securities Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — 2.4%** | **COMMON STOCKS — 2.4%** | **COMMON STOCKS — 2.4%** |
| **Entertainment — 1.1%** | **Entertainment — 1.1%** | **Entertainment — 1.1%** |
| Caesars Entertainment, Inc.\* | &nbsp;&nbsp;38783 | &nbsp;&nbsp;&nbsp;&nbsp;$1025035 |
| **Healthcare Services — 0.7%** | **Healthcare Services — 0.7%** | **Healthcare Services — 0.7%** |
| PACS Group, Inc.\* | &nbsp;&nbsp;19587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;629134 |
| **Lodging — 0.6%** | **Lodging — 0.6%** | **Lodging — 0.6%** |
| Boyd Gaming Corp. | &nbsp;&nbsp;&nbsp;&nbsp;6461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530965 |
| **TOTAL COMMON STOCKS<br> (Cost $2,626,003)** | **TOTAL COMMON STOCKS<br> (Cost $2,626,003)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2185134** |
| **REAL ESTATE INVESTMENT TRUSTS — 97.6%** | **REAL ESTATE INVESTMENT TRUSTS — 97.6%** | **REAL ESTATE INVESTMENT TRUSTS — 97.6%** |
| **Apartments — 6.5%** | **Apartments — 6.5%** | **Apartments — 6.5%** |
| Equity Residential | &nbsp;&nbsp;17686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1046127 |
| Essex Property Trust, Inc. | &nbsp;&nbsp;&nbsp;9858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2385636 |
| Invitation Homes, Inc. | &nbsp;&nbsp;62201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1545695 |
| UDR, Inc. | &nbsp;&nbsp;29753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1005056 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5982514** |
| **Diversified — 32.8%** | **Diversified — 32.8%** | **Diversified — 32.8%** |
| American Tower Corp. | &nbsp;&nbsp;24022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4145717 |
| Crown Castle, Inc. | &nbsp;&nbsp;55544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4516283 |
| Digital Realty Trust, Inc. | &nbsp;&nbsp;47307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8525194 |
| Equinix, Inc. | &nbsp;&nbsp;&nbsp;5988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5869677 |
| Gaming and Leisure Properties, Inc. | &nbsp;&nbsp;15564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690575 |
| Lamar Advertising Co., Class A | &nbsp;&nbsp;&nbsp;&nbsp;3516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445336 |
| Outfront Media, Inc. | &nbsp;&nbsp;26461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701216 |
| SBA Communications Corp. | &nbsp;&nbsp;18806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3236701 |
| Weyerhaeuser Co. | 76548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1870068 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**30000767** |
| **Healthcare — 18.4%** | **Healthcare — 18.4%** | **Healthcare — 18.4%** |
| CareTrust REIT, Inc. | &nbsp;&nbsp;18550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679858 |
| Healthcare Realty Trust, Inc. | 109011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1852097 |
| Omega Healthcare Investors, Inc. | &nbsp;&nbsp;18264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800328 |
| Ventas, Inc. | &nbsp;&nbsp;22356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1828274 |
| Welltower, Inc. | 59248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11713922 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**16874479** |
| **Hotels & Resorts — 2.5%** | **Hotels & Resorts — 2.5%** | **Hotels & Resorts — 2.5%** |
| Host Hotels & Resorts, Inc. | 118332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2267241 |
| **Industrial — 6.9%** | **Industrial — 6.9%** | **Industrial — 6.9%** |
| EastGroup Properties, Inc. | &nbsp;&nbsp;&nbsp;8589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1589738 |
| Prologis, Inc. | &nbsp;&nbsp;35434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4683666 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6273404** |
| **Manufactured Homes — 3.9%** | **Manufactured Homes — 3.9%** | **Manufactured Homes — 3.9%** |
| Equity LifeStyle Properties, Inc. | &nbsp;&nbsp;&nbsp;11536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720077 |
| Sun Communities, Inc. | &nbsp;&nbsp;22836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2876423 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3596500** |
| **Office Property — 3.6%** | **Office Property — 3.6%** | **Office Property — 3.6%** |
| BXP, Inc. | &nbsp;&nbsp;33323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1729464 |
| Highwoods Properties, Inc. | 40844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;874470 |
| Hudson Pacific Properties, Inc.\* | &nbsp;&nbsp;13802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81570 |
| Kilroy Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8660 |
| SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;15831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584797 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3278961** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Regional Malls — 1.9%** | **Regional Malls — 1.9%** | **Regional Malls — 1.9%** |
| Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9118 | &nbsp;&nbsp;&nbsp;&nbsp;$1700781 |
| **Single Tenant — 6.4%** | **Single Tenant — 6.4%** | **Single Tenant — 6.4%** |
| Agree Realty Corp. | 46082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3473661 |
| Essential Properties Realty Trust, Inc. | 28859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876159 |
| Realty Income Corp. | &nbsp;&nbsp;24217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1481596 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5831416** |
| **Storage & Warehousing — 10.5%** | **Storage & Warehousing — 10.5%** | **Storage & Warehousing — 10.5%** |
| Extra Space Storage, Inc. | 30689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4024249 |
| Iron Mountain, Inc. | &nbsp;&nbsp;&nbsp;35118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3586952 |
| Public Storage | &nbsp;&nbsp;&nbsp;&nbsp;7472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024015 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9635216** |
| **Strip Centers — 4.2%** | **Strip Centers — 4.2%** | **Strip Centers — 4.2%** |
| Kimco Realty Corp. | 104124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2339666 |
| Kite Realty Group Trust | 60286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1480022 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3819688** |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS<br> (Cost $84,168,712)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**89260967** |
| **WARRANTS — 0.2%** | **WARRANTS — 0.2%** | **WARRANTS — 0.2%** |
| Hudson Pacific Properties, Inc. Expiration Date 06/13/27\*<br> **(Cost $376,985)** | &nbsp;&nbsp;24259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**141672** |

---

**SHORT-TERM INVESTMENTS — 0.9%**

---

| | | |
|:---|:---|:---|
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 3.546%)<br> **(Cost $842,919)** | 842919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**842919** |
| **TOTAL INVESTMENTS — 101.1%<br> (Cost $88,014,619)** |  | &nbsp;&nbsp;**$92430692** |
| **Other Assets & Liabilities — (1.1)%** | **Other Assets & Liabilities — (1.1)%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(994780)** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$91435912** |

---

------

† See Security Valuation Note in the most recent semi-annual or annual report. <br> \* Non-income producing security.

REIT— Real Estate Investment Trust.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Penn Series Funds Inc

- **b. Investment Company Act file number:** 811-03459

- **c. CIK number of Registrant:** 0000702340

- **d. LEI of Registrant:** 549300GLJSCMRCVZWX45

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Eight Tower Bridge

  - **City:** Conshohocken

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19428

  - **Telephone number:** 215-956-8114

**Item A.2. Information about the Series.**

- **a. Name of Series:** Penn Series Real Estate Securities Fund

- **b. EDGAR series identifier (if any):** S000006729

- **c. LEI of Series:** UZWBS4K4GGB4DCZL3T29

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $92760802.68

**Total Liabilities:** $121144.60

**Net Assets:** $92639658.08

**Cash Not Reported:** $234809.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018292 | 1.93%                | 7.72%                | -5.54%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18825.27               | $1782722.30                                |
| Month 2  | $-294619.58              | $7480866.19                                |
| Month 3  | $-182521.57              | $-5834060.35                               |

### Schedule of Portfolio Investments

| Name                                   | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hudson Pacific Properties Inc          | Hudson Pacific Properties Inc COM          | CUSIP: 444097406<br>LEI: 529900EURZA5HRSXQ389 | Long             | EC               | CORP              | US        |     13802 | NS      | $81569.82     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HRTI LLC                               | HRTI LLC CL A COM                          | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    109011 | NS      | $1852096.89   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                          | Equinix, Inc. COM                          | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      5988 | NS      | $5869677.12   | 6.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc.             | Caesars Entertainment Inc. COM             | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |     38783 | NS      | $1025034.69   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.       | Omega Healthcare Investors, Inc. COM       | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     18264 | NS      | $800328.48    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.             | Highwoods Properties, Inc. COM             | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     40844 | NS      | $874470.04    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc.                      | Crown Castle Inc. COM                      | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     55544 | NS      | $4516282.64   | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                | UDR Inc COM                                | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |     31961 | NS      | $1079642.58   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                | Boyd Gaming Corporation COM                | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      6461 | NS      | $530964.98    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                     | Equity Residential SH BEN INT              | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     17686 | NS      | $1046126.90   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation              | Realty Income Corporation COM              | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     24217 | NS      | $1481596.06   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds              | BlackRock Liquidity Funds FEDFUND INSTL    | CUSIP: 09248U700<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    608382 | NS      | $608382.14    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities, Inc.                  | Sun Communities, Inc. COM                  | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     22836 | NS      | $2876422.56   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                | Kite Realty Group Trust COM NEW            | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60286 | NS      | $1480021.30   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.               | SBA Communications Corp. CL A              | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     18806 | NS      | $3236700.66   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corporation              | Kilroy Realty Corporation COM              | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |       661 | NS      | $18646.81     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc.                         | Welltower Inc. COM                         | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     59248 | NS      | $11713922.08  | 12.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc. | Essential Properties Realty Trust Inc. COM | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     28859 | NS      | $876159.24    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC                | Extra Space Storage Inc. COM               | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |     30689 | NS      | $4024248.57   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company              | Lamar Advertising Company CL A             | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |      3516 | NS      | $445336.56    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation             | American Tower Corporation COM             | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     24022 | NS      | $4145716.76   | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corporation               | Kimco Realty Corporation COM               | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |    104124 | NS      | $2339666.28   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.              | Digital Realty Trust Inc. COM              | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     47307 | NS      | $8525194.47   | 9.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc      | Gaming and Leisure Properties Inc COM      | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     15564 | NS      | $690574.68    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                            | Ventas Inc. COM                            | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     22356 | NS      | $1828273.68   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc               | Simon Property Group Inc COM               | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      9118 | NS      | $1700780.54   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Company                   | Weyerhaeuser Company COM NEW               | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     76548 | NS      | $1870067.64   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sl Green Realty Corp                   | Sl Green Realty Corp COM                   | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     15831 | NS      | $584797.14    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc              | Host Hotels & Resorts Inc COM              | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    118332 | NS      | $2267241.12   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                          | Prologis Inc. COM                          | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     35434 | NS      | $4683666.12   | 5.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Caretrust Reit Inc                     | Caretrust Reit Inc COM                     | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     18550 | NS      | $679857.50    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                      | Agree Realty Corp COM                      | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     46082 | NS      | $3473661.16   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES INC Warrant  | HUDSON PACIFIC PROPERTIES INC Warrant      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24259 | NS      | $141672.56    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| INVITATION HOMES INC                   | Invitation Homes Inc. COM                  | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |     62201 | NS      | $1545694.85   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                         | Public Storage COM                         | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      7472 | NS      | $2024015.36   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastgroup Properties, Inc.             | Eastgroup Properties, Inc. COM             | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      8589 | NS      | $1589738.01   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.             | Essex Property Trust, Inc. COM             | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      9858 | NS      | $2385636.00   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTFRONT Media Inc                     | OUTFRONT Media Inc COM NEW                 | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |     26461 | NS      | $701216.50    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                | BXP Inc COM                                | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     33323 | NS      | $1729463.70   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| PACS GROUP INC                         | PACS Group Inc. COM SHS                    | CUSIP: 69380Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19587 | NS      | $629134.44    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc.                     | Iron Mountain Inc. COM                     | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     35118 | NS      | $3586952.52   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc        | Equity Lifestyle Properties Inc COM        | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     11536 | NS      | $720077.12    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** Penn Series Funds Inc

**Signature:** Steven Viola

**Name of Signer:** Steven Viola

**Title:** Treasurer