# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0001752724-23-035751
**Filing Date:** 2023-2
**Character Count:** 62616
**Document Hash:** 24b6e9d2759559ea20f99e0729bd5149
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035751.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035751

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PENN SERIES FUNDS INC
- **CENTRAL INDEX KEY:** 0000702340
- **IRS NUMBER:** 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:** 23657499

**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

### High Yield Bond Fund (Series ID: S000006731)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000018294 | High Yield Bond Fund |  |

## 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:** 600 Dresher Road

  - **City:** Horsham

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19044

  - **Telephone number:** 215-956-8000

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

- **a. Name of Series:** Penn Series High Yield Bond Fund

- **b. EDGAR series identifier (if any):** S000006731

- **c. LEI of Series:** PYMGCS7VD6DE680QME20

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $140743093.43

**Total Liabilities:** $130150.76

**Net Assets:** $140612942.67

**Cash Not Reported:** $112608.94

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 30.85344000 | **1-Year:** 1621.52977000 | **5-Year:** 4552.52628000 | **10-Year:** 2274.30446000 | **30-Year:** 236.79061000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 37.63830000 | **1-Year:** 10405.24591000 | **5-Year:** 25810.92393000 | **10-Year:** 2886.33796000 | **30-Year:** 121.57305000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018294 | 2.44%                | 1.61%                | -0.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-895870.17              | $3619978.42                                |
| Month 2  | $-595851.51              | $2198165.12                                |
| Month 3  | $-98980.31               | $-747983.78                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AVANTOR FUNDING INC                         | Avantor Funding Inc                                                   | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $999504.00    | 0.71%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                        | Range Resources Corp                                                  | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1442623.00   | 1.03%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                    | American Airlines Inc/AAdvantage Loyalty IP Ltd                       | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1050000 | PA      | $1009447.18   | 0.72%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings Inc                 | Surgery Center Holdings Inc                                           | CUSIP: 86880NAX1<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |   1215422 | PA      | $1198576.09   | 0.85%             | 2026-08-31      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco Us Inc.                       | Neptune Bidco US Inc                                                  | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |   1325000 | PA      | $1180084.75   | 0.84%             | 2029-04-11      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                | Calpine Corp                                                          | CUSIP: 131347CK0<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    700000 | PA      | $666765.89    | 0.47%             | 2026-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                               | TransDigm Inc                                                         | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1380666.00   | 0.98%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CATALENT PHARMA SOLUTION                    | Catalent Pharma Solutions Inc                                         | CUSIP: 14879EAE8<br>LEI: 549300HALRZ339MSTH85 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1079227.55   | 0.77%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                    | Performance Food Group Inc                                            | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1042197.33   | 0.74%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                       | Tenet Healthcare Corp                                                 | CUSIP: 88033GAV2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $945872.85    | 0.67%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ENERFLEX LTD                                | Enerflex Ltd                                                          | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    675000 | PA      | $673140.38    | 0.48%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ACI WORLDWIDE INC                           | ACI Worldwide Inc                                                     | CUSIP: 004498AB7<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | DBT              | CORP              | US        |    750000 | PA      | $726562.50    | 0.52%             | 2026-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                      | Southwestern Energy Co                                                | CUSIP: 845467AP4<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1443356.33   | 1.03%             | 2028-09-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                    | Clarios Global LP / Clarios US Finance Co                             | CUSIP: 69867DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1050000 | PA      | $1025985.19   | 0.73%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                    | Builders FirstSource Inc                                              | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $852191.45    | 0.61%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| STEVENS HOLDING CO INC                      | Stevens Holding Co Inc                                                | CUSIP: 86024TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1203000.00   | 0.86%             | 2026-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                          | Murphy Oil USA Inc                                                    | CUSIP: 626738AD0<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1019560.50   | 0.73%             | 2027-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                         | Station Casinos LLC                                                   | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $842281.95    | 0.60%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                    | Consensus Cloud Solutions Inc                                         | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $965756.97    | 0.69%             | 2028-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                      | WESCO Distribution Inc                                                | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    700000 | PA      | $709081.78    | 0.50%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                           | Newell Brands Inc                                                     | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1076049.86   | 0.77%             | 2046-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                | Novelis Corp                                                          | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    700000 | PA      | $620595.50    | 0.44%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                    | Olympus Water US Holding Corp                                         | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    975000 | PA      | $791546.17    | 0.56%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                      | CCO Holdings LLC / CCO Holdings Capital Corp                          | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $634324.50    | 0.45%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TEMPUR SEALY INTL INC                       | Tempur Sealy International Inc                                        | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $924176.00    | 0.66%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                            | FirstEnergy Corp                                                      | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1128554.90   | 0.80%             | 2027-07-15      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                             | SEALED AIR CORP                                                       | CUSIP: 81211KAK6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    700000 | PA      | $693770.77    | 0.49%             | 2033-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                     | United Rentals North America Inc                                      | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    700000 | PA      | $663355.00    | 0.47%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                       | Encompass Health Corp                                                 | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1009863.35   | 0.72%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                    | Occidental Petroleum Corp                                             | CUSIP: 674599DZ5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1491000 | PA      | $1605712.93   | 1.14%             | 2027-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                            | Berry Global Inc                                                      | CUSIP: 085770AB1<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    750000 | PA      | $731813.13    | 0.52%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                    | Ascent Resources Utica Holdings LLC / ARU Finance Corp                | CUSIP: 04364VAR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1029209.54   | 0.73%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                           | Service Corp International/US                                         | CUSIP: 817565BT0<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1782915.26   | 1.27%             | 2027-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL HLDGS BM LTD                       | Carnival Holdings Bermuda Ltd                                         | CUSIP: 14366RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $692961.75    | 0.49%             | 2028-05-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                     | Royal Caribbean Cruises Ltd                                           | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    675000 | PA      | $545634.66    | 0.39%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                    | Graham Packaging Co Inc                                               | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $842573.70    | 0.60%             | 2028-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                      | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $975313.50    | 0.69%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GREYSTAR REAL ESTATE PAR                    | Greystar Real Estate Partners LLC                                     | CUSIP: 39807UAB2<br>LEI: 254900HGC806SXAS4M46 | Long             | DBT              | CORP              | US        |    750000 | PA      | $732939.38    | 0.52%             | 2025-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L                    | EQM Midstream Partners LP                                             | CUSIP: 26885BAA8<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |    675000 | PA      | $648654.75    | 0.46%             | 2024-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                      | Comstock Resources Inc                                                | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1263500.00   | 0.90%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                        | Aramark Services Inc                                                  | CUSIP: 038522AR9<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1037095.50   | 0.74%             | 2025-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ENLINK MIDSTREAM PARTNER                    | EnLink Midstream Partners LP                                          | CUSIP: 29336UAG2<br>LEI: 88CPW63VL7KHJWS0NY83 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $853744.31    | 0.61%             | 2047-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE ENERGY CORP                      | Chesapeake Energy Corp                                                | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1752916.75   | 1.25%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTN                    | Encino Acquisition Partners Holdings LLC                              | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $953082.02    | 0.68%             | 2028-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt              | Benefit Street Partners CLO II Ltd                                    | CUSIP: 08179XAU9<br>LEI: 549300PVYNJC7QL0GC48 | Long             | ABS-CBDO         | CORP              | KY        |   1050000 | PA      | $993804.00    | 0.71%             | 2029-07-15      | Floating      | 7.78%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                    | Charles River Laboratories International Inc                          | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $967018.50    | 0.69%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                            | Boyd Gaming Corp                                                      | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $913500.00    | 0.65%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FXI HOLDINGS INC                            | FXI Holdings Inc                                                      | CUSIP: 36120RAA7<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $832727.93    | 0.59%             | 2024-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                    | Acadia Healthcare Co Inc                                              | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1327900.00   | 0.94%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/XO MGMT                      | VistaJet Malta Finance PLC / XO Management Holding Inc                | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1050000 | PA      | $947252.15    | 0.67%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                   | Ball Corp                                                             | CUSIP: 058498AX4<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $843286.50    | 0.60%             | 2031-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INTL                      | Williams Scotsman International Inc                                   | CUSIP: 96950GAE2<br>LEI: 549300V3TCHCBOBTGH07 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1218375.00   | 0.87%             | 2028-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ASGN INCORPORATED                           | ASGN Inc                                                              | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |    700000 | PA      | $633640.00    | 0.45%             | 2028-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                     | Asbury Automotive Group Inc                                           | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    700000 | PA      | $589848.00    | 0.42%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| EVERI HOLDINGS INC                          | Everi Holdings Inc                                                    | CUSIP: 30034TAA1<br>LEI: 5299006DK5S7BG10K532 | Long             | DBT              | CORP              | US        |    700000 | PA      | $601276.59    | 0.43%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                           | Nexstar Media Inc                                                     | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $963225.38    | 0.69%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                                  | Sprint LLC                                                            | CUSIP: 85207UAJ4<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |    700000 | PA      | $722782.20    | 0.51%             | 2025-02-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                              | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $950822.25    | 0.68%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                       | American Airlines Inc                                                 | CUSIP: 023771S58<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    675000 | PA      | $723922.65    | 0.51%             | 2025-07-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                      | FMG Resources August 2006 Pty Ltd                                     | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   1050000 | PA      | $978103.90    | 0.70%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                            | Organon & Co / Organon Foreign Debt Co-Issuer BV                      | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $908648.14    | 0.65%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                        | Howmet Aerospace Inc                                                  | CUSIP: 443201AA6<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    700000 | PA      | $718319.00    | 0.51%             | 2025-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                           | Lithia Motors Inc                                                     | CUSIP: 536797AE3<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $947036.62    | 0.67%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                    | MSCI Inc                                                              | CUSIP: 55354GAL4<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1163995.00   | 0.83%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                     | International Game Technology PLC                                     | CUSIP: 460599AC7<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    222000 | PA      | $223351.98    | 0.16%             | 2025-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                         | Cheniere Energy Inc                                                   | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1265496.29   | 0.90%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GRANITE US HOLDINGS CORP                    | Granite US Holdings Corp                                              | CUSIP: 38748YAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $711281.25    | 0.51%             | 2027-10-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                           | Clean Harbors Inc                                                     | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    750000 | PA      | $710625.00    | 0.51%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                              | Open Text Corp                                                        | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    675000 | PA      | $675000.00    | 0.48%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| NEW COTAI PARTICIPATION CL B                | NEW COTAI PARTICIPATION CL B                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MAUSER PACKAGING SOLUT                      | Mauser Packaging Solutions Holding Co                                 | CUSIP: 57763RAA5<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1543433.91   | 1.10%             | 2024-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                            | AmWINS Group Inc                                                      | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $856628.21    | 0.61%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SEG HLD LLC/SEG FIN CORP                    | SEG Holding LLC / SEG Finance Corp                                    | CUSIP: 78397KAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $658000.00    | 0.47%             | 2028-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BLACKROCK LIQUIDITY FUNDS FEDFUND PORTFOLIO | BLACKROCK LIQUIDITY FUNDS FEDFUND PORTFOLIO                           | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  10784703 | NS      | $10784703.15  | 7.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                    | Connect Finco SARL / Connect US Finco LLC                             | CUSIP: 20752TAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1050000 | PA      | $973097.50    | 0.69%             | 2026-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                         | Go Daddy Operating Co LLC / GD Finance Co Inc                         | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1325044.07   | 0.94%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                   | Olin Corp                                                             | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    910000 | PA      | $830375.00    | 0.59%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 21-1B PTT                      | American Airlines 2021-1 Class B Pass Through Trust                   | CUSIP: 02376LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1191869.40   | 0.85%             | 2030-07-11      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                    | Permian Resources Operating LLC                                       | CUSIP: 15138AAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $910284.69    | 0.65%             | 2026-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COTY INC                                    | Coty Inc                                                              | CUSIP: 222070AE4<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1062064.65   | 0.76%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                    | Delta Air Lines Inc / SkyMiles IP Ltd                                 | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    700000 | PA      | $683219.37    | 0.49%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                    | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    675000 | PA      | $563625.00    | 0.40%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                    | Western Midstream Operating LP                                        | CUSIP: 958254AJ3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $861794.07    | 0.61%             | 2048-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                         | SIRIUS XM RADIO INC                                                   | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $958419.00    | 0.68%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                          | CUSIP: 65473PAG0<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $932500.00    | 0.66%             | N/A             | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                    | Univision Communications Inc                                          | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $993928.00    | 0.71%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                 | Vistra Corp                                                           | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $955429.87    | 0.68%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNA                    | Scientific Games International Inc                                    | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1335474.00   | 0.95%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Crocs, Inc.                                 | Crocs Inc                                                             | CUSIP: 22704NAD4<br>LEI: 549300B0J6YCXD63OG72 | Long             | LON              | CORP              | US        |   1025938 | PA      | $1004136.33   | 0.71%             | 2029-02-20      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                     | Howard Midstream Energy Partners LLC                                  | CUSIP: 442722AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1025000 | PA      | $982509.74    | 0.70%             | 2027-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                   | Bausch + Lomb Corp                                                    | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |   1008250 | PA      | $957212.39    | 0.68%             | 2027-05-10      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| WASH MULTIFAM ACQ INC                       | WASH Multifamily Acquisition Inc                                      | CUSIP: 93710WAA3<br>LEI: 549300AS7PRY5PHG6L12 | Long             | DBT              | CORP              | US        |    875000 | PA      | $824687.50    | 0.59%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                               | PRA Group Inc                                                         | CUSIP: 69354NAC0<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1014454.86   | 0.72%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                    | Hughes Satellite Systems Corp                                         | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $959200.00    | 0.68%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                | Centene Corp                                                          | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $959898.46    | 0.68%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                               | Parkland Corp/Alberta                                                 | CUSIP: 70137TAP0<br>LEI: 549300XHQS1JYWBNK868 | Long             | DBT              | CORP              | CA        |   1150000 | PA      | $1091925.00   | 0.78%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                     | Stagwell Global LLC                                                   | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $865809.00    | 0.62%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TRIMAS CORP                                 | TriMas Corp                                                           | CUSIP: 896215AH3<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | DBT              | CORP              | US        |    700000 | PA      | $610750.00    | 0.43%             | 2029-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                      | Goodyear Tire & Rubber Co/The                                         | CUSIP: 382550BG5<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    700000 | PA      | $640311.00    | 0.46%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                         | Churchill Downs Inc                                                   | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    750000 | PA      | $710666.33    | 0.51%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                    | Delta Air Lines Inc / SkyMiles IP Ltd                                 | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    700000 | PA      | $658917.08    | 0.47%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                         | Select Medical Corp                                                   | CUSIP: 816196AT6<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |    700000 | PA      | $665581.00    | 0.47%             | 2026-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                        | OneMain Finance Corp                                                  | CUSIP: 85172FAF6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1055184.96   | 0.75%             | 2023-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                     | MPT Operating Partnership LP / MPT Finance Corp                       | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $882556.50    | 0.63%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                    | iHeartCommunications Inc                                              | CUSIP: 45174HBE6<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    700000 | PA      | $592958.32    | 0.42%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SUMMIT MATERIALS LLC/FIN                    | Summit Materials LLC / Summit Materials Finance Corp                  | CUSIP: 86614RAM9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1077968.14   | 0.77%             | 2027-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2020-1 A PTT                     | United Airlines 2020-1 Class A Pass Through Trust                     | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    553268 | PA      | $545915.34    | 0.39%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                    | Albion Financing 1 SARL / Aggreko Holdings Inc                        | CUSIP: 013304AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    700000 | PA      | $624267.00    | 0.44%             | 2026-10-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                           | Imola Merger Corp                                                     | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1214600.06   | 0.86%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                 | Vistra Operations Co LLC                                              | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1295978.74   | 0.92%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KORN/FERRY INTERNATIONAL                    | Korn Ferry                                                            | CUSIP: 50067PAA7<br>LEI: 549300FOD20OM0GT5G40 | Long             | DBT              | CORP              | US        |    700000 | PA      | $644707.00    | 0.46%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                     | Macy's Retail Holdings LLC                                            | CUSIP: 55617LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    975000 | PA      | $863267.83    | 0.61%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                     | Frontier Communications Holdings LLC                                  | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1299998.00   | 0.92%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                       | Trivium Packaging Finance BV                                          | CUSIP: 89686QAA4<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1050000 | PA      | $962312.09    | 0.68%             | 2026-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                       | Tenet Healthcare Corp                                                 | CUSIP: 88033GDA5<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1302335.93   | 0.93%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                         | Jazz Securities DAC                                                   | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |   1400000 | PA      | $1247610.00   | 0.89%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                    | Hilton Domestic Operating Co Inc                                      | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    700000 | PA      | $585641.00    | 0.42%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                       | Sotheby's/Bidfair Holdings Inc                                        | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $587790.15    | 0.42%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                  | Terex Corp                                                            | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    600000 | PA      | $539250.00    | 0.38%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NCR CORP                                    | NCR Corp                                                              | CUSIP: 62886EAU2<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    750000 | PA      | $717693.55    | 0.51%             | 2027-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                     | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp          | CUSIP: 87470LAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1412600.00   | 1.00%             | 2025-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                              | Sabre GLBL Inc                                                        | CUSIP: 78573NAH5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    675000 | PA      | $694831.50    | 0.49%             | 2027-12-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| SMURFIT-STONE ESCROW EQUITY                 | SMURFIT-STONE ESCROW EQUITY                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       725 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                     | Royal Caribbean Cruises Ltd                                           | CUSIP: 780153BR2<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1010000 | PA      | $1037876.00   | 0.74%             | 2029-01-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| METIS MERGER SUB LLC                        | Metis Merger Sub LLC                                                  | CUSIP: 59155LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $881456.98    | 0.63%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                           | Herc Holdings Inc                                                     | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $946741.25    | 0.67%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRINSEO OP / TRINSEO FIN                    | Trinseo Materials Operating SCA / Trinseo Materials Finance Inc       | CUSIP: 89668QAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    675000 | PA      | $437211.00    | 0.31%             | 2029-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                       | Caesars Entertainment Inc                                             | CUSIP: 28470RAH5<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1021238.90   | 0.73%             | 2025-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                         | Medline Borrower LP                                                   | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $845124.00    | 0.60%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                               | Carnival Corp                                                         | CUSIP: 143658BU5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    675000 | PA      | $602775.00    | 0.43%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                      | VICI Properties LP / VICI Note Co Inc                                 | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1315900.88   | 0.94%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                             | Sealed Air Corp                                                       | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    700000 | PA      | $658000.00    | 0.47%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                    | Elanco Animal Health Inc                                              | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $999085.50    | 0.71%             | 2028-08-28      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                    | United Natural Foods Inc                                              | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $975237.38    | 0.69%             | 2028-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                      | WESCO Distribution Inc                                                | CUSIP: 95081QAN4<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    350000 | PA      | $354376.52    | 0.25%             | 2025-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                     | New Fortress Energy Inc                                               | CUSIP: 644393AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $650090.00    | 0.46%             | 2026-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                           | Service Corp International/US                                         | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    700000 | PA      | $589881.20    | 0.42%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                   | IQVIA Inc                                                             | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $954679.89    | 0.68%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                     | Booz Allen Hamilton Inc                                               | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    700000 | PA      | $616100.75    | 0.44%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                    | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp             | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $574333.31    | 0.41%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HOLLY NRG PRTNR/FIN CORP                    | Holly Energy Partners LP / Holly Energy Finance Corp                  | CUSIP: 435765AJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $687744.33    | 0.49%             | 2027-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2020-1 B PTT                     | United Airlines 2020-1 Class B Pass Through Trust                     | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    533400 | PA      | $507711.99    | 0.36%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CDI ESCROW ISSUER INC                       | CDI Escrow Issuer Inc                                                 | CUSIP: 12511VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $627500.39    | 0.45%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

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

**Signature:** Steven Viola

**Name of Signer:** Steven Viola

**Title:** Treasurer