# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0001752724-23-035759
**Filing Date:** 2023-2
**Character Count:** 24106
**Document Hash:** 56703cf80eb436fdcb6f5ce90c227dff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035759.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035759

**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:** 23657508

**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

### Emerging Markets Equity Fund (Series ID: S000022084)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000063375 | Emerging Markets Equity 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 Emerging Markets Equity Fund

- **b. EDGAR series identifier (if any):** S000022084

- **c. LEI of Series:** DT74AQBKRGCSEQFXTZ04

**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:** $95144839.45

**Total Liabilities:** $1009510.27

**Net Assets:** $94135329.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063375 | -2.99%               | 9.84%                | -2.35%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3345023.52             | $821683.54                                 |
| Month 2  | $-1308463.74             | $9998458.63                                |
| Month 3  | $-338024.67              | $-2009662.54                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Americana Restaurants Internat              | Americana Restaurants International PLC     | CUSIP: 000000000<br>LEI: 549300EYHRPEZ6UVAM64 | Long             | EC               | CORP              | AE        |   1599909 | NS      | $1293832.63   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chacha Food Co Ltd                          | Chacha Food Co Ltd                          | CUSIP: 000000000<br>LEI: 300300AJZ9YPIRBJZN87 | Long             | EC               | CORP              | CN        |    181388 | NS      | $1301812.91   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd                     | Kotak Mahindra Bank Ltd                     | CUSIP: 000000000<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |     92066 | NS      | $2025571.92   | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Grid Corp of India Ltd                | Power Grid Corp of India Ltd                | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | EC               | CORP              | IN        |    408724 | NS      | $1053774.63   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                 | Heineken NV                                 | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     20755 | NS      | $1954960.60   | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sands China Ltd                             | Sands China Ltd                             | CUSIP: 000000000<br>LEI: 549300EVO6UZDGY05787 | Long             | EC               | CORP              | MO        |    291658 | NS      | $956704.79    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| YILI                                        | Inner Mongolia Yili Industrial Group Co Ltd | CUSIP: 000000000<br>LEI: 3003002Q2A863JPQFH06 | Long             | EC               | CORP              | CN        |    265127 | NS      | $1178923.66   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd                | Techtronic Industries Co Ltd                | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     95894 | NS      | $1065079.78   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman Inc                   | Wuxi Biologics Cayman Inc                   | CUSIP: 000000000<br>LEI: 5493001TD2TH6VDTJU11 | Long             | EC               | CORP              | CN        |     64876 | NS      | $491365.04    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| SCB X PCL                                   | SCB X PCL                                   | CUSIP: 000000000<br>LEI: 254900TG41KIWX7VDO42 | Long             | EC               | CORP              | TH        |    475583 | NS      | $1467081.80   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| HKEX                                        | Hong Kong Exchanges & Clearing Ltd          | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     57766 | NS      | $2482219.80   | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                  | JD.com Inc                                  | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |     11614 | NS      | $651893.82    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| First Abu Dhabi Bank PJSC                   | First Abu Dhabi Bank PJSC                   | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |    257385 | NS      | $1195898.90   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| INOVANCE                                    | Shenzhen Inovance Technology Co Ltd         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    117356 | NS      | $1170961.19   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                 | NetEase Inc                                 | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |     11389 | NS      | $827183.07    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                    | TOTVS SA                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    189392 | NS      | $990767.94    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HCL Technologies Ltd                        | HCL Technologies Ltd                        | CUSIP: 000000000<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |     84151 | NS      | $1055328.54   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                            | Raia Drogasil SA                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    519146 | NS      | $2332334.51   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                                     | Meituan                                     | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |    108745 | NS      | $2409336.30   | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd                     | Reliance Industries Ltd                     | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    103732 | NS      | $3184636.06   | 3.38%             |  |  |  | No            |                  2 | On Loan: No      |
| HAI TIAN                                    | Foshan Haitian Flavouring & Food Co Ltd     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     46607 | NS      | $532445.24    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Cipla Ltd/India                             | Cipla Ltd/India                             | CUSIP: 000000000<br>LEI: 335800KMJJYEDDK82Q34 | Long             | EC               | CORP              | IN        |    107405 | NS      | $1395432.23   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                             | Lojas Renner SA                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    349528 | NS      | $1355809.17   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK LIQUIDITY FUNDS FEDFUND PORTFOLIO | BLACKROCK LIQUIDITY FUNDS FEDFUND PORTFOLIO | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   1334423 | NS      | $1334422.76   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                                      | WEG SA                                      | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |     52289 | NS      | $381391.05    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero               | Bank Rakyat Indonesia Persero Tbk PT        | CUSIP: 000000000<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |   9137585 | NS      | $2897073.73   | 3.08%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd                    | United Overseas Bank Ltd                    | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |     64173 | NS      | $1469936.75   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Bancolombia SA                              | Bancolombia SA                              | CUSIP: 05968L102<br>LEI: 54930052NWJRPNMP1W58 | Long             | EC               | CORP              | CO        |     47030 | NS      | $1342236.20   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Eicher Motors Ltd                           | Eicher Motors Ltd                           | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |     68457 | NS      | $2662236.79   | 2.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Housing Development Finance Co              | Housing Development Finance Corp Ltd        | CUSIP: 000000000<br>LEI: 335800OX2H9AP7NHLT64 | Long             | EC               | CORP              | IN        |    108128 | NS      | $3437493.40   | 3.65%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                            | MercadoLibre Inc                            | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       487 | NS      | $412118.88    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                | Wal-Mart de Mexico SAB de CV                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |   1068438 | NS      | $3776666.38   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai M&G Stationery Inc                 | Shanghai M&G Stationery Inc                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    183423 | NS      | $1447271.69   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                      | Yum China Holdings Inc                      | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | CN        |     19621 | NS      | $1095634.53   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                        | Tencent Holdings Ltd                        | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |     82893 | NS      | $3514693.36   | 3.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp                      | Accton Technology Corp                      | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |    156761 | NS      | $1190412.01   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                  | Samsung Electronics Co Ltd                  | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     67464 | NS      | $2961213.77   | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Clicks Group Ltd                            | Clicks Group Ltd                            | CUSIP: 000000000<br>LEI: 378900E967958A677472 | Long             | EC               | CORP              | ZA        |     77696 | NS      | $1234996.58   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                        | Taiwan Semiconductor Manufacturing Co Ltd   | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    277650 | NS      | $4032439.58   | 4.28%             |  |  |  | No            |                  2 | On Loan: No      |
| China Tourism Group Duty Free               | China Tourism Group Duty Free Corp Ltd      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     42268 | NS      | $1308349.51   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd                     | ENN Energy Holdings Ltd                     | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | CN        |     85762 | NS      | $1197927.99   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                    | Bank Central Asia Tbk PT                    | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |   3179673 | NS      | $1743536.36   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                  | JD.com Inc                                  | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |    121379 | NS      | $3388494.02   | 3.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd                      | Hindustan Unilever Ltd                      | CUSIP: 000000000<br>LEI: 5493007IW5N37IKRPM32 | Long             | EC               | CORP              | IN        |     41156 | NS      | $1271450.88   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Hapvida Participacoes e Invest              | Hapvida Participacoes e Investimentos S/A   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   1126557 | NS      | $1083935.71   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                 | Infosys Ltd                                 | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     77016 | NS      | $1404101.76   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc                                | SK Hynix Inc                                | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      7844 | NS      | $468004.82    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| LEAD INTELLIGENT                            | Wuxi Lead Intelligent Equipment Co Ltd      | CUSIP: 000000000<br>LEI: 836800J7WO9E2EF72B65 | Long             | EC               | CORP              | CN        |    225461 | NS      | $1300697.76   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd               | Tata Consultancy Services Ltd               | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |     30719 | NS      | $1208089.76   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk P              | Telkom Indonesia Persero Tbk PT             | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |   5988671 | NS      | $1442145.16   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                   | Alibaba Group Holding Ltd                   | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |      2786 | NS      | $245418.74    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                   | Alibaba Group Holding Ltd                   | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    134733 | NS      | $1478413.54   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHOU INTL                               | Shenzhou International Group Holdings Ltd   | CUSIP: 000000000<br>LEI: 529900B4W41TCUKJFM73 | Long             | EC               | CORP              | CN        |     95440 | NS      | $1064333.23   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                 | NetEase Inc                                 | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |     37610 | NS      | $545496.00    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                          | Midea Group Co Ltd                          | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |    196514 | NS      | $1458388.15   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltas Ltd                                  | Voltas Ltd                                  | CUSIP: 000000000<br>LEI: 335800VVTQSSZ7NV7F51 | Long             | EC               | CORP              | IN        |     60539 | NS      | $584144.59    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp L              | Oversea-Chinese Banking Corp Ltd            | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |    100685 | NS      | $915834.64    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd                      | Kweichow Moutai Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7948 | NS      | $1966145.63   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| President Chain Store Corp                  | President Chain Store Corp                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    318992 | NS      | $2820419.30   | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco BTG Pactual SA                        | Banco BTG Pactual SA                        | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |    189269 | NS      | $858203.49    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Avia Avian Tbk PT                           | Avia Avian Tbk PT                           | CUSIP: 000000000<br>LEI: 2549006YBXNWWWTP2773 | Long             | EC               | CORP              | ID        |  25859451 | NS      | $1046504.20   | 1.11%             |  |  |  | No            |                  1 | 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