# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-25-009797
**Filing Date:** 2025-11
**Character Count:** 33604
**Document Hash:** 0b4162c8f0b2e8ef57703a2e220b90f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009797.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009797

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**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:** 251513159

**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

### Mid Cap Growth Fund (Series ID: S000006725)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000018288 | Mid Cap Growth Fund |  |

## Nport-Ex

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

#### Schedule of Investments — September 30, 2025 (Unaudited)<br>

#### Mid Cap Growth Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — 98.8%** | **COMMON STOCKS — 98.8%** | **COMMON STOCKS — 98.8%** |
| **Aerospace & Defense — 5.2%** | **Aerospace & Defense — 5.2%** | **Aerospace & Defense — 5.2%** |
| HEICO Corp., Class A | &nbsp;&nbsp;9608 | &nbsp;&nbsp;$2441297 |
| Howmet Aerospace, Inc. | 14007 | &nbsp;&nbsp;&nbsp;&nbsp;2748593 |
| Kratos Defense & Security Solutions, Inc.\* | 15584 | &nbsp;&nbsp;&nbsp;&nbsp;1423910 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6613800 |
| **Apparel — 3.0%** | **Apparel — 3.0%** | **Apparel — 3.0%** |
| On Holding AG, Class A\* | &nbsp;&nbsp;41254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1747107 |
| Tapestry, Inc. | 18680 | &nbsp;&nbsp;&nbsp;&nbsp;2114950 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3862057 |
| **Biotechnology — 4.1%** | **Biotechnology — 4.1%** | **Biotechnology — 4.1%** |
| Alnylam Pharmaceuticals, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;7917 | &nbsp;&nbsp;&nbsp;&nbsp;3610152 |
| Ionis Pharmaceuticals, Inc.\* | 25496 | &nbsp;&nbsp;&nbsp;&nbsp;1667948 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5278100 |
| **Building Materials — 4.9%** | **Building Materials — 4.9%** | **Building Materials — 4.9%** |
| Martin Marietta Materials, Inc. | &nbsp;&nbsp;&nbsp;3955 | &nbsp;&nbsp;&nbsp;&nbsp;2492757 |
| SPX Technologies, Inc.\* | &nbsp;&nbsp;10801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2017411 |
| Trex Co., Inc.\* | 32686 | &nbsp;&nbsp;&nbsp;&nbsp;1688886 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6199054 |
| **Commercial Services — 6.7%** | **Commercial Services — 6.7%** | **Commercial Services — 6.7%** |
| Corpay, Inc.\* | &nbsp;&nbsp;&nbsp;5502 | &nbsp;&nbsp;&nbsp;&nbsp;1584906 |
| Paylocity Holding Corp.\* | &nbsp;&nbsp;&nbsp;9672 | &nbsp;&nbsp;&nbsp;&nbsp;1540459 |
| Quanta Services, Inc. | &nbsp;&nbsp;&nbsp;4506 | &nbsp;&nbsp;&nbsp;&nbsp;1867377 |
| Rollins, Inc. | 34925 | &nbsp;&nbsp;&nbsp;&nbsp;2051494 |
| Toast, Inc., Class A\* | &nbsp;&nbsp;39631 | &nbsp;&nbsp;&nbsp;&nbsp;1446928 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;8491164 |
| **Distribution & Wholesale — 5.6%** | **Distribution & Wholesale — 5.6%** | **Distribution & Wholesale — 5.6%** |
| Copart, Inc.\* | 29878 | &nbsp;&nbsp;&nbsp;&nbsp;1343614 |
| Fastenal Co. | &nbsp;&nbsp;70163 | &nbsp;&nbsp;&nbsp;&nbsp;3440793 |
| Pool Corp. | &nbsp;&nbsp;&nbsp;7797 | &nbsp;&nbsp;&nbsp;&nbsp;2417616 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7202023 |
| **Diversified Financial Services — 2.5%** | **Diversified Financial Services — 2.5%** | **Diversified Financial Services — 2.5%** |
| Houlihan Lokey, Inc. | &nbsp;&nbsp;&nbsp;4027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826824 |
| LPL Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;7250 | &nbsp;&nbsp;&nbsp;&nbsp;2412002 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3238826 |
| **Electrical Components & Equipment — 3.0%** | **Electrical Components & Equipment — 3.0%** | **Electrical Components & Equipment — 3.0%** |
| Generac Holdings, Inc.\* | &nbsp;&nbsp;13522 | &nbsp;&nbsp;&nbsp;&nbsp;2263583 |
| Novanta, Inc.\* | &nbsp;&nbsp;15741 | &nbsp;&nbsp;&nbsp;&nbsp;1576461 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3840044 |
| **Electronics — 2.6%** | **Electronics — 2.6%** | **Electronics — 2.6%** |
| Coherent Corp.\* | &nbsp;&nbsp;17243 | &nbsp;&nbsp;&nbsp;&nbsp;1857416 |
| Itron, Inc.\* | &nbsp;&nbsp;11775 | &nbsp;&nbsp;&nbsp;&nbsp;1466694 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3324110 |
| **Engineering & Construction — 1.2%** | **Engineering & Construction — 1.2%** | **Engineering & Construction — 1.2%** |
| EMCOR Group, Inc. | &nbsp;&nbsp;&nbsp;2299 | &nbsp;&nbsp;&nbsp;&nbsp;1493292 |
| **Hand & Machine Tools — 1.9%** | **Hand & Machine Tools — 1.9%** | **Hand & Machine Tools — 1.9%** |
| Lincoln Electric Holdings, Inc. | 10267 | &nbsp;&nbsp;&nbsp;&nbsp;2421267 |
| **Healthcare Products — 10.4%** | **Healthcare Products — 10.4%** | **Healthcare Products — 10.4%** |
| Align Technology, Inc.\* | &nbsp;&nbsp;10325 | &nbsp;&nbsp;&nbsp;&nbsp;1292896 |
| Bio-Techne Corp. | &nbsp;&nbsp;37911 | &nbsp;&nbsp;&nbsp;&nbsp;2108989 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Healthcare Products — (continued)** | **Healthcare Products — (continued)** | **Healthcare Products — (continued)** |
| Edwards Lifesciences Corp.\* | 23893 | &nbsp;&nbsp;$1858159 |
| IDEXX Laboratories, Inc.\* | &nbsp;&nbsp;&nbsp;7797 | &nbsp;&nbsp;&nbsp;&nbsp;4981425 |
| Insulet Corp.\* | &nbsp;&nbsp;9989 | &nbsp;&nbsp;&nbsp;&nbsp;3083904 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;13325373 |
| **Home Furnishings — 1.5%** | **Home Furnishings — 1.5%** | **Home Furnishings — 1.5%** |
| SharkNinja, Inc.\* | &nbsp;&nbsp;18953 | &nbsp;&nbsp;&nbsp;&nbsp;1955002 |
| **Insurance — 2.5%** | **Insurance — 2.5%** | **Insurance — 2.5%** |
| Brown & Brown, Inc. | &nbsp;&nbsp;17764 | &nbsp;&nbsp;&nbsp;&nbsp;1666086 |
| Kinsale Capital Group, Inc. | &nbsp;&nbsp;&nbsp;3663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1557727 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3223813 |
| **Internet — 6.3%** | **Internet — 6.3%** | **Internet — 6.3%** |
| AppLovin Corp., Class A\* | &nbsp;&nbsp;&nbsp;&nbsp;2130 | &nbsp;&nbsp;&nbsp;&nbsp;1530490 |
| CDW Corp. | &nbsp;&nbsp;8966 | &nbsp;&nbsp;&nbsp;&nbsp;1428104 |
| Expedia Group, Inc. | &nbsp;&nbsp;11277 | &nbsp;&nbsp;&nbsp;&nbsp;2410459 |
| Pinterest, Inc., Class A\* | 47856 | &nbsp;&nbsp;&nbsp;&nbsp;1539528 |
| Stubhub Holdings, Inc., Class A\* | &nbsp;&nbsp;67214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1131884 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;8040465 |
| **Leisure Time — 5.0%** | **Leisure Time — 5.0%** | **Leisure Time — 5.0%** |
| Amer Sports, Inc.\* | &nbsp;&nbsp;27443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;953644 |
| Planet Fitness, Inc., Class A\* | &nbsp;&nbsp;&nbsp;7607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789607 |
| Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;14417 | &nbsp;&nbsp;&nbsp;&nbsp;4665053 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6408304 |
| **Machinery — Construction & Mining — 1.5%** | **Machinery — Construction & Mining — 1.5%** | **Machinery — Construction & Mining — 1.5%** |
| BWX Technologies, Inc. | &nbsp;&nbsp;10431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1923163 |
| **Pharmaceuticals — 0.6%** | **Pharmaceuticals — 0.6%** | **Pharmaceuticals — 0.6%** |
| Ascendis Pharma A/S, ADR\* | &nbsp;&nbsp;&nbsp;3676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730826 |
| **Real Estate — 3.1%** | **Real Estate — 3.1%** | **Real Estate — 3.1%** |
| CoStar Group, Inc.\* | 46936 | &nbsp;&nbsp;&nbsp;&nbsp;3959990 |
| **Retail — 7.3%** | **Retail — 7.3%** | **Retail — 7.3%** |
| Boot Barn Holdings, Inc.\* | 10695 | &nbsp;&nbsp;&nbsp;&nbsp;1772376 |
| Casey's General Stores, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1761537 |
| Dutch Bros, Inc., Class A\* | 21885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1145461 |
| Floor & Decor Holdings, Inc., Class A\* | 32049 | &nbsp;&nbsp;&nbsp;&nbsp;2362011 |
| Tractor Supply Co. | 40393 | &nbsp;&nbsp;&nbsp;&nbsp;2297150 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;9338535 |
| **Semiconductors — 3.9%** | **Semiconductors — 3.9%** | **Semiconductors — 3.9%** |
| MACOM Technology Solutions Holdings, Inc.\* | &nbsp;&nbsp;12553 | &nbsp;&nbsp;&nbsp;&nbsp;1562723 |
| Monolithic Power Systems, Inc. | &nbsp;&nbsp;&nbsp;3661 | &nbsp;&nbsp;&nbsp;&nbsp;3370463 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4933186 |
| **Software — 16.0%** | **Software — 16.0%** | **Software — 16.0%** |
| Bentley Systems, Inc., Class B | 26225 | &nbsp;&nbsp;&nbsp;&nbsp;1350063 |
| Clearwater Analytics Holdings, Inc., Class A\* | 61600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1110032 |
| Cloudflare, Inc., Class A\* | &nbsp;&nbsp;17704 | &nbsp;&nbsp;&nbsp;&nbsp;3799101 |
| Datadog, Inc., Class A\* | 21850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3111440 |
| HubSpot, Inc.\* | &nbsp;&nbsp;&nbsp;3572 | &nbsp;&nbsp;&nbsp;&nbsp;1670982 |
| Manhattan Associates, Inc.\* | &nbsp;&nbsp;&nbsp;8266 | &nbsp;&nbsp;&nbsp;&nbsp;1694365 |
| Snowflake, Inc.\* | &nbsp;&nbsp;11756 | &nbsp;&nbsp;&nbsp;&nbsp;2651566 |
| Tyler Technologies, Inc.\* | &nbsp;&nbsp;&nbsp;2982 | &nbsp;&nbsp;&nbsp;&nbsp;1560063 |

---

------

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

#### Schedule of Investments — September 30, 2025 (Unaudited)<br>

#### Mid Cap Growth Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **Software — (continued)** | **Software — (continued)** | **Software — (continued)** |
| Veeva Systems, Inc., Class A\* | &nbsp;&nbsp;&nbsp;7010 | &nbsp;&nbsp;&nbsp;&nbsp;$2088349 |
| Waystar Holding Corp.\* | 38545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1461626 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20497587 |
| **TOTAL COMMON STOCKS<br> (Cost $100,647,091)** | **TOTAL COMMON STOCKS<br> (Cost $100,647,091)** | &nbsp;&nbsp;&nbsp;**126299981** |

---

**SHORT-TERM INVESTMENTS — 1.0%**

---

| | | |
|:---|:---|:---|
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 4.027%)<br> **(Cost $1,320,841)** | 1320841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1320841** |
| **TOTAL INVESTMENTS — 99.8%<br> (Cost $101,967,932)** |  | &nbsp;&nbsp;**$127620822** |
| **Other Assets & Liabilities — 0.2%** | **Other Assets & Liabilities — 0.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**264212** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$127885034** |

---

------

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

A/S— Aktieselskab. <br> ADR— American Depositary Receipt. <br> AG— Aktiengesellschaft.

## 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 Mid Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000006725

- **c. LEI of Series:** TVVTH60ZEU4DHK3OB609

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $127732613.09

**Total Liabilities:** $185759.21

**Net Assets:** $127546853.88

**Cash Not Reported:** $28082.53

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018288 | 3.62%                | 1.20%                | -1.88%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $909997.80               | $3790431.57                                |
| Month 2  | $281447.01               | $1303832.53                                |
| Month 3  | $-635374.86              | $-1760154.40                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Boot Barn Holdings Inc         | Boot Barn Holdings Inc                  | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     10695 | NS      | $1772375.40   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                             | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     70163 | NS      | $3440793.52   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp           | Waystar Holding Corp                    | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38545 | NS      | $1461626.40   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc           | Howmet Aerospace Inc                    | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     14215 | NS      | $2789409.45   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                 | Dutch Bros Inc                          | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21435 | NS      | $1121907.90   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp         | Paylocity Holding Corp                  | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      9672 | NS      | $1540459.44   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc         | IDEXX Laboratories Inc                  | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      7797 | NS      | $4981425.33   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                 | Cloudflare Inc                          | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     17704 | NS      | $3799101.36   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings  | Clearwater Analytics Holdings Inc       | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61600 | NS      | $1110032.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc  | Lincoln Electric Holdings Inc           | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     10267 | NS      | $2421266.61   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                     | Corpay Inc                              | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      6032 | NS      | $1737577.92   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc               | CoStar Group Inc                        | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     46936 | NS      | $3959990.32   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc  | Martin Marietta Materials Inc           | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      3977 | NS      | $2506623.56   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc   | Monolithic Power Systems Inc            | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      3661 | NS      | $3370463.04   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund    | BlackRock Liquidity FedFund             | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   1292759 | NS      | $1292758.61   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                 | SharkNinja Inc                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18953 | NS      | $1955001.95   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                  | AppLovin Corp                           | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      2196 | NS      | $1577913.84   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions Inc | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     15584 | NS      | $1423910.08   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                    | HubSpot Inc                             | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      3572 | NS      | $1670981.60   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                  | Snowflake Inc                           | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     11756 | NS      | $2651565.80   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc           | SPX Technologies Inc                    | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     10801 | NS      | $2017410.78   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                    | Rollins Inc                             | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     34925 | NS      | $2051494.50   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                  | Coherent Corp                           | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     17243 | NS      | $1857415.96   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                      | Toast Inc                               | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     39631 | NS      | $1446927.81   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc           | BWX Technologies Inc                    | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     10431 | NS      | $1923163.47   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                  | Pinterest Inc                           | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47856 | NS      | $1539527.52   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                | Bio-Techne Corp                         | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     37911 | NS      | $2108988.93   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc     | Casey's General Stores Inc              | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      3116 | NS      | $1761537.12   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc             | Houlihan Lokey Inc                      | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      3276 | NS      | $672628.32    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc              | Brown & Brown Inc                       | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     17764 | NS      | $1666085.56   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc           | Align Technology Inc                    | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |     10325 | NS      | $1292896.50   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Hol | MACOM Technology Solutions Holdings Inc | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12553 | NS      | $1562722.97   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc         | Tyler Technologies Inc                  | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      2982 | NS      | $1560063.12   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                      | Itron Inc                               | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     11775 | NS      | $1466694.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Inc            | Bentley Systems Inc                     | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     26225 | NS      | $1350063.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc      | Kinsale Capital Group Inc               | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      3663 | NS      | $1557727.38   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc             | Planet Fitness Inc                      | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |      7607 | NS      | $789606.60    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                    | Novanta Inc                             | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15741 | NS      | $1576461.15   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                     | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      4506 | NS      | $1867376.52   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                | EMCOR Group Inc                         | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      2299 | NS      | $1493292.46   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                   | Tapestry Inc                            | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     18680 | NS      | $2114949.60   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                    | Trex Co Inc                             | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32686 | NS      | $1688885.62   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                              | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     29878 | NS      | $1343613.66   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc      | Ionis Pharmaceuticals Inc               | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     25496 | NS      | $1667948.32   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S            | Ascendis Pharma A/S                     | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |      3676 | NS      | $730825.56    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                    | Datadog Inc                             | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     21850 | NS      | $3111440.00   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc    | Alnylam Pharmaceuticals Inc             | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      7917 | NS      | $3610152.00   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc       | Manhattan Associates Inc                | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      8266 | NS      | $1694364.68   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                   | Insulet Corp                            | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      9989 | NS      | $3083903.97   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co              | Tractor Supply Co                       | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     40393 | NS      | $2297149.91   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc     | LPL Financial Holdings Inc              | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      7250 | NS      | $2412002.50   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp      | Edwards Lifesciences Corp               | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     23893 | NS      | $1858158.61   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Amer Sports Inc                | Amer Sports Inc                         | CUSIP: 000000000<br>LEI: 391200YCSWTRD1J21867 | Long             | EC               | CORP              | FI        |     27443 | NS      | $953644.25    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                      | Pool Corp                               | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      7797 | NS      | $2417615.79   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc              | Expedia Group Inc                       | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11277 | NS      | $2410458.75   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc              | Veeva Systems Inc                       | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      7010 | NS      | $2088349.10   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                  | On Holding AG                           | CUSIP: 000000000<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |     41254 | NS      | $1747106.90   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                    | CDW Corp/DE                             | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      8966 | NS      | $1428104.48   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc     | Floor & Decor Holdings Inc              | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     32049 | NS      | $2362011.30   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Stubhub Holdings Inc           | Stubhub Holdings Inc                    | CUSIP: 86384P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67214 | NS      | $1131883.76   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                     | HEICO Corp                              | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      9608 | NS      | $2441296.72   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc           | Generac Holdings Inc                    | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     13522 | NS      | $2263582.80   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd    | Royal Caribbean Cruises Ltd             | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |     14417 | NS      | $4665052.86   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

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

**Signature:** Steven Viola

**Name of Signer:** Steven Viola

**Title:** Treasurer