# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-25-009796
**Filing Date:** 2025-11
**Character Count:** 62754
**Document Hash:** e74ccdeed0fcdb5f68fa8b2376ace02a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009796.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009796

**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:** 251513158

**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 Core Value Fund (Series ID: S000006728)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000018291 | Mid Core Value Fund |  |

## Nport-Ex

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

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

#### Mid Core Value Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — 86.2%** | **COMMON STOCKS — 86.2%** | **COMMON STOCKS — 86.2%** |
| **Advertising — 1.3%** | **Advertising — 1.3%** | **Advertising — 1.3%** |
| Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp;7360 | &nbsp;&nbsp;$600061 |
| Publicis Groupe S.A. | &nbsp;&nbsp;4056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390322 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990383 |
| **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** |
| Hexcel Corp. | &nbsp;&nbsp;&nbsp;6264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392753 |
| L3Harris Technologies, Inc. | &nbsp;&nbsp;&nbsp;3021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922643 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1315396 |
| **Airlines — 1.0%** | **Airlines — 1.0%** | **Airlines — 1.0%** |
| Southwest Airlines Co. | 22850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729144 |
| **Auto Manufacturers — 2.1%** | **Auto Manufacturers — 2.1%** | **Auto Manufacturers — 2.1%** |
| Cummins, Inc. | &nbsp;&nbsp;&nbsp;2308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;974830 |
| PACCAR, Inc. | &nbsp;&nbsp;&nbsp;5676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558064 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1532894 |
| **Auto Parts & Equipment — 1.7%** | **Auto Parts & Equipment — 1.7%** | **Auto Parts & Equipment — 1.7%** |
| BorgWarner, Inc. | &nbsp;&nbsp;11379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500221 |
| Cie Generale des Etablissements Michelin SCA | &nbsp;&nbsp;10312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;371374 |
| Gentex Corp. | &nbsp;&nbsp;13595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384738 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1256333 |
| **Banks — 10.0%** | **Banks — 10.0%** | **Banks — 10.0%** |
| Commerce Bancshares, Inc. | 19942 | &nbsp;&nbsp;&nbsp;&nbsp;1191734 |
| First Hawaiian, Inc. | 18522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459901 |
| Northern Trust Corp. | &nbsp;&nbsp;&nbsp;8156 | &nbsp;&nbsp;&nbsp;&nbsp;1097798 |
| Prosperity Bancshares, Inc. | &nbsp;&nbsp;13834 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;917886 |
| The Bank of New York Mellon Corp. | &nbsp;&nbsp;&nbsp;3020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329059 |
| The PNC Financial Services Group, Inc. | &nbsp;&nbsp;&nbsp;2642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530857 |
| Truist Financial Corp. | 26739 | &nbsp;&nbsp;&nbsp;&nbsp;1222507 |
| US Bancorp | &nbsp;&nbsp;29221 | &nbsp;&nbsp;&nbsp;&nbsp;1412251 |
| Westamerica BanCorp | &nbsp;&nbsp;6405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320186 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;7482179 |
| **Beverages — 1.4%** | **Beverages — 1.4%** | **Beverages — 1.4%** |
| Heineken N.V. | &nbsp;&nbsp;&nbsp;5514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431796 |
| Pernod Ricard S.A. | &nbsp;&nbsp;&nbsp;6255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;615809 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1047605 |
| **Building Materials — 2.2%** | **Building Materials — 2.2%** | **Building Materials — 2.2%** |
| Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp;2672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622683 |
| Masco Corp. | &nbsp;&nbsp;&nbsp;5314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374052 |
| Mohawk Industries, Inc.\* | &nbsp;&nbsp;&nbsp;4752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612628 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1609363 |
| **Chemicals — 1.2%** | **Chemicals — 1.2%** | **Chemicals — 1.2%** |
| Akzo Nobel N.V. | &nbsp;&nbsp;&nbsp;5189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370327 |
| PPG Industries, Inc. | &nbsp;&nbsp;4989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524394 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894721 |
| **Commercial Services — 1.2%** | **Commercial Services — 1.2%** | **Commercial Services — 1.2%** |
| ABM Industries, Inc. | &nbsp;&nbsp;9676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446257 |
| Ashtead Group PLC | &nbsp;&nbsp;&nbsp;6427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;431004 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;877261 |
| **Computers — 3.0%** | **Computers — 3.0%** | **Computers — 3.0%** |
| Amdocs Ltd. | 10084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827392 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Computers — (continued)** | **Computers — (continued)** | **Computers — (continued)** |
| Cognizant Technology Solutions Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp;8136 | &nbsp;&nbsp;&nbsp;$545681 |
| HP, Inc. | 30968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;843259 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2216332 |
| **Cosmetics & Personal Care — 2.5%** | **Cosmetics & Personal Care — 2.5%** | **Cosmetics & Personal Care — 2.5%** |
| Kenvue, Inc. | 70273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1140531 |
| The Estee Lauder Cos., Inc., Class A | &nbsp;&nbsp;&nbsp;8285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730074 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1870605 |
| **Distribution & Wholesale — 1.5%** | **Distribution & Wholesale — 1.5%** | **Distribution & Wholesale — 1.5%** |
| Bunzl PLC | 34604 | &nbsp;&nbsp;&nbsp;&nbsp;1093736 |
| **Diversified Financial Services — 0.9%** | **Diversified Financial Services — 0.9%** | **Diversified Financial Services — 0.9%** |
| Raymond James Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149299 |
| T. Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp;5207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534447 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683746 |
| **Electric — 6.9%** | **Electric — 6.9%** | **Electric — 6.9%** |
| Duke Energy Corp. | &nbsp;&nbsp;&nbsp;4184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517770 |
| Evergy, Inc. | &nbsp;&nbsp;15474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1176334 |
| Eversource Energy | &nbsp;&nbsp;12472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887258 |
| Northwestern Energy Group, Inc. | &nbsp;&nbsp;19147 | &nbsp;&nbsp;&nbsp;&nbsp;1122206 |
| PPL Corp. | &nbsp;&nbsp;&nbsp;3253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120881 |
| Xcel Energy, Inc. | &nbsp;&nbsp;16142 | &nbsp;&nbsp;&nbsp;&nbsp;1301852 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;5126301 |
| **Electrical Components & Equipment — 0.3%** | **Electrical Components & Equipment — 0.3%** | **Electrical Components & Equipment — 0.3%** |
| Emerson Electric Co. | &nbsp;&nbsp;&nbsp;1895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248586 |
| **Electronics — 1.3%** | **Electronics — 1.3%** | **Electronics — 1.3%** |
| Fortive Corp. | &nbsp;&nbsp;&nbsp;5632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275912 |
| Ralliant Corp. | &nbsp;&nbsp;&nbsp;7575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331255 |
| TE Connectivity PLC | &nbsp;&nbsp;&nbsp;&nbsp;1710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375396 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;982563 |
| **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** | **Engineering & Construction — 0.1%** |
| Vinci S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66984 |
| **Food — 2.8%** | **Food — 2.8%** | **Food — 2.8%** |
| Conagra Brands, Inc. | 28657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524710 |
| General Mills, Inc. | &nbsp;&nbsp;&nbsp;6439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324654 |
| Koninklijke Ahold Delhaize N.V. | &nbsp;&nbsp;21235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859264 |
| Mondelez International, Inc., Class A | &nbsp;&nbsp;&nbsp;5859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366012 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2074640 |
| **Food Service — 0.6%** | **Food Service — 0.6%** | **Food Service — 0.6%** |
| Sodexo S.A. | &nbsp;&nbsp;&nbsp;6818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430177 |
| **Gas — 2.2%** | **Gas — 2.2%** | **Gas — 2.2%** |
| ONE Gas, Inc. | &nbsp;&nbsp;11803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;955335 |
| Spire, Inc. | &nbsp;&nbsp;&nbsp;8495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692512 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1647847 |
| **Healthcare Products — 6.6%** | **Healthcare Products — 6.6%** | **Healthcare Products — 6.6%** |
| Envista Holdings Corp.\* | 23067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469875 |
| GE HealthCare Technologies, Inc. | &nbsp;&nbsp;13455 | &nbsp;&nbsp;&nbsp;&nbsp;1010470 |
| Hologic, Inc.\* | &nbsp;&nbsp;10877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734089 |
| Medtronic PLC | &nbsp;&nbsp;&nbsp;&nbsp;7319 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697062 |

---

------

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

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

#### Mid Core Value Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** | **COMMON STOCKS — (continued)** |
| **Healthcare Products — (continued)** | **Healthcare Products — (continued)** | **Healthcare Products — (continued)** |
| Zimmer Biomet Holdings, Inc. | 20569 | &nbsp;&nbsp;$2026046 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;4937542 |
| **Healthcare Services — 4.6%** | **Healthcare Services — 4.6%** | **Healthcare Services — 4.6%** |
| ICON PLC\* | &nbsp;&nbsp;&nbsp;1926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337050 |
| IQVIA Holdings, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;3152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598691 |
| Labcorp Holdings, Inc. | &nbsp;&nbsp;&nbsp;4093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1174937 |
| Quest Diagnostics, Inc. | &nbsp;&nbsp;&nbsp;3529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672557 |
| Universal Health Services, Inc., Class B | &nbsp;&nbsp;&nbsp;3342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683238 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3466473 |
| **Home Builders — 1.0%** | **Home Builders — 1.0%** | **Home Builders — 1.0%** |
| PulteGroup, Inc. | &nbsp;&nbsp;&nbsp;5618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742306 |
| **Household Products & Wares — 2.4%** | **Household Products & Wares — 2.4%** | **Household Products & Wares — 2.4%** |
| Kimberly-Clark Corp. | &nbsp;&nbsp;&nbsp;9035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1123412 |
| Reckitt Benckiser Group PLC | &nbsp;&nbsp;&nbsp;8631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;664604 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1788016 |
| **Insurance — 4.4%** | **Insurance — 4.4%** | **Insurance — 4.4%** |
| Reinsurance Group of America, Inc. | &nbsp;&nbsp;&nbsp;5914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1136257 |
| The Allstate Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;458278 |
| The Hanover Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314946 |
| Willis Towers Watson PLC | &nbsp;&nbsp;&nbsp;3870 | &nbsp;&nbsp;&nbsp;&nbsp;1336892 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3246373 |
| **Internet — 0.9%** | **Internet — 0.9%** | **Internet — 0.9%** |
| CDW Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369689 |
| F5, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291840 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661529 |
| **Iron & Steel — 0.8%** | **Iron & Steel — 0.8%** | **Iron & Steel — 0.8%** |
| Reliance, Inc. | &nbsp;&nbsp;&nbsp;2235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627655 |
| **Machinery — Construction & Mining — 0.9%** | **Machinery — Construction & Mining — 0.9%** | **Machinery — Construction & Mining — 0.9%** |
| Oshkosh Corp. | &nbsp;&nbsp;&nbsp;5024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651613 |
| **Machinery — Diversified — 0.9%** | **Machinery — Diversified — 0.9%** | **Machinery — Diversified — 0.9%** |
| Dover Corp. | &nbsp;&nbsp;&nbsp;&nbsp;1188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198194 |
| The Toro Co. | &nbsp;&nbsp;&nbsp;&nbsp;6147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468401 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;666595 |
| **Metal Fabricate/Hardware — 0.8%** | **Metal Fabricate/Hardware — 0.8%** | **Metal Fabricate/Hardware — 0.8%** |
| The Timken Co. | &nbsp;&nbsp;&nbsp;7927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;595952 |
| **Miscellaneous Manufacturing — 0.6%** | **Miscellaneous Manufacturing — 0.6%** | **Miscellaneous Manufacturing — 0.6%** |
| A.O. Smith Corp. | &nbsp;&nbsp;&nbsp;6578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482891 |
| **Oil & Gas — 2.5%** | **Oil & Gas — 2.5%** | **Oil & Gas — 2.5%** |
| Coterra Energy, Inc. | 26952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637415 |
| Diamondback Energy, Inc. | &nbsp;&nbsp;&nbsp;4274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611609 |
| Occidental Petroleum Corp. | &nbsp;&nbsp;12757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602768 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1851792 |
| **Oil & Gas Services — 1.5%** | **Oil & Gas Services — 1.5%** | **Oil & Gas Services — 1.5%** |
| Baker Hughes Co. | 23669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1153154 |
| **Packaging and Containers — 2.4%** | **Packaging and Containers — 2.4%** | **Packaging and Containers — 2.4%** |
| Graphic Packaging Holding Co. | 42443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830609 |
| Packaging Corp. of America | &nbsp;&nbsp;&nbsp;4535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988313 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1818922 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **Pharmaceuticals — 3.8%** | **Pharmaceuticals — 3.8%** | **Pharmaceuticals — 3.8%** |
| Becton Dickinson & Co. | &nbsp;&nbsp;&nbsp;5984 | &nbsp;&nbsp;&nbsp;&nbsp;$1120025 |
| Cencora, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293466 |
| Henry Schein, Inc.\* | &nbsp;&nbsp;21541 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1429676 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2843167 |
| **Pipelines — 0.5%** | **Pipelines — 0.5%** | **Pipelines — 0.5%** |
| ONEOK, Inc. | &nbsp;&nbsp;&nbsp;5058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369082 |
| **Retail — 1.2%** | **Retail — 1.2%** | **Retail — 1.2%** |
| MSC Industrial Direct Co., Inc., Class A | &nbsp;&nbsp;&nbsp;9585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883162 |
| **Semiconductors — 1.7%** | **Semiconductors — 1.7%** | **Semiconductors — 1.7%** |
| NXP Semiconductors N.V. | &nbsp;&nbsp;&nbsp;&nbsp;1537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350021 |
| Teradyne, Inc. | &nbsp;&nbsp;&nbsp;6820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938705 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1288726 |
| **Transportation — 2.7%** | **Transportation — 2.7%** | **Transportation — 2.7%** |
| CSX Corp. | 34698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1232126 |
| Norfolk Southern Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754930 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1987056 |
| **TOTAL COMMON STOCKS<br> (Cost $61,109,160)** | **TOTAL COMMON STOCKS<br> (Cost $61,109,160)** | &nbsp;&nbsp;&nbsp;**64238802** |
| **REAL ESTATE INVESTMENT TRUSTS — 9.1%** | **REAL ESTATE INVESTMENT TRUSTS — 9.1%** | **REAL ESTATE INVESTMENT TRUSTS — 9.1%** |
| **Apartments — 1.6%** | **Apartments — 1.6%** | **Apartments — 1.6%** |
| Equity Residential | &nbsp;&nbsp;15122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978847 |
| Essex Property Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215198 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1194045** |
| **Diversified — 2.4%** | **Diversified — 2.4%** | **Diversified — 2.4%** |
| American Tower Corp. | &nbsp;&nbsp;&nbsp;3865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;743317 |
| VICI Properties, Inc. | &nbsp;&nbsp;31931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1041270 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1784587** |
| **Healthcare — 1.8%** | **Healthcare — 1.8%** | **Healthcare — 1.8%** |
| Healthpeak Properties, Inc. | 36856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705792 |
| Ventas, Inc. | &nbsp;&nbsp;&nbsp;8841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618782 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1324574** |
| **Single Tenant — 1.9%** | **Single Tenant — 1.9%** | **Single Tenant — 1.9%** |
| Agree Realty Corp. | &nbsp;&nbsp;&nbsp;3407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242033 |
| Realty Income Corp. | 19368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1177381 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1419414** |
| **Storage & Warehousing — 1.1%** | **Storage & Warehousing — 1.1%** | **Storage & Warehousing — 1.1%** |
| Public Storage | &nbsp;&nbsp;&nbsp;2846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822067 |
| **Strip Centers — 0.3%** | **Strip Centers — 0.3%** | **Strip Centers — 0.3%** |
| Regency Centers Corp. | &nbsp;&nbsp;&nbsp;3320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242028 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS<br> (Cost $7,085,062)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6786715** |
| **PREFERRED STOCKS — 0.8%** | **PREFERRED STOCKS — 0.8%** | **PREFERRED STOCKS — 0.8%** |
| **Household Products & Wares — 0.8%** | **Household Products & Wares — 0.8%** | **Household Products & Wares — 0.8%** |
| Henkel AG & Co., KGaA<br> **(Cost $524,530)** | &nbsp;&nbsp;&nbsp;7257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**585541** |

---

------

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

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

#### Mid Core Value Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **MASTER LIMITED PARTNERSHIP — 1.7%** | **MASTER LIMITED PARTNERSHIP — 1.7%** | **MASTER LIMITED PARTNERSHIP — 1.7%** |
| **Pipelines — 1.7%** | **Pipelines — 1.7%** | **Pipelines — 1.7%** |
| Enterprise Products Partners LP<br> **(Cost $902,480)** | 39135 | &nbsp;&nbsp;$**1223751** |

---

**SHORT-TERM INVESTMENTS — 2.4%**

---

| | | |
|:---|:---|:---|
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 4.027%)<br> **(Cost $1,797,220)** | 1797220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1797220** |
| **TOTAL INVESTMENTS — 100.2%<br> (Cost $71,418,452)** |  | &nbsp;&nbsp;**$74632029** |
| **Other Assets & Liabilities — (0.2)%** | **Other Assets & Liabilities — (0.2)%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(121622)** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$74510407** |

---

------

† See Security Valuation Note in the most recent semi-annual or annual report.

\* Non-income producing security.

---

| |
|:---|
| AG— Aktiengesellschaft. |
| KGaA— Kommanditgesellschaft auf Aktien. |
| LP— Limited Partnership. |
| N.V.— Naamloze Vennootschap. |
| PLC— Public Limited Company. |
| S.A.— Societe Anonyme. |

---

---

| | |
|:---|:---|
| **Country Weightings as of 9/30/2025††** | **Country Weightings as of 9/30/2025††** |
| United States | &nbsp;&nbsp;&nbsp;87% |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| France | &nbsp;&nbsp;&nbsp;&nbsp;2 |
| Ireland | &nbsp;&nbsp;&nbsp;&nbsp;2 |
| Germany | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| Total | 100% |

---

---

| | |
|:---|:---|
| †† | % of total investments as of September 30, 2025. |

---

Open forward foreign currency contracts held at September 30, 2025 are as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** | **Open forward foreign currency contracts** |
|  | **Currency** | **Counterparty** | **Settlement<br> Date** | **Foreign<br> Currency<br> Contract** | **Forward<br> Rate** | **U.S.<br> Contract<br> Amount** | **U.S.<br> Contract<br> Value** | **Unrealized<br> Foreign<br> Exchange<br> Gain** | **Unrealized<br> Foreign<br> Exchange<br> Loss** |
| Sell | Pound Sterling | Bank of America | 12/19/25 | (459255) | 0.74349 | $(620814) | $(617705) | $3109 | $— |
| Sell | Euro | Citibank N.A. | 12/19/25 | (748742) | 0.84784 | (887887) | (883113) | 4775 |  |
| Sell | Pound Sterling | Citibank N.A. | 12/19/25 | (459255) | 0.74349 | (620709) | (617705) | 3003 |  |
| Sell | Euro | Goldman Sachs | 12/19/25 | (748742) | 0.84784 | (887591) | (883113) | 4478 |  |
| Sell | Pound Sterling | Goldman Sachs | 12/19/25 | (459255) | 0.74349 | (620587) | (617705) | 2882 |  |
| Sell | Euro | Morgan Stanley | 12/19/25 | (748742) | 0.84784 | (887748) | (883112) | 4636 |  |
| Sell | Euro | UBS Securities | 12/19/25 | (748742) | 0.84784 | (887814) | (883113) | 4701 |  |
|  | Total |  |  |  |  |  |  | $27584 | $— |

---

## 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 Core Value Fund

- **b. EDGAR series identifier (if any):** S000006728

- **c. LEI of Series:** 4PRPSBP7MI34M0MDHF77

**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:** $74841261.86

**Total Liabilities:** $128333.59

**Net Assets:** $74712928.27

**Cash Not Reported:** $49200.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018291 | 1.82%                | 4.22%                | -0.12%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-123917.54              | $1188021.63                                |
| Month 2  | $757297.30               | $2375628.98                                |
| Month 3  | $298870.75               | $-569377.63                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Medtronic PLC                         | Medtronic PLC                                | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      7319 | NS      | $697061.56    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T        | Bank of New York Mellon Corp/The             | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      3020 | NS      | $329059.20    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                    | PPG Industries Inc                           | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      4989 | NS      | $524393.79    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                   | American Tower Corp                          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      3786 | NS      | $728123.52    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                           | Hologic Inc                                  | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     10877 | NS      | $734088.73    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                         | Timken Co/The                                | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      7927 | NS      | $595951.86    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                           | CDW Corp/DE                                  | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      2273 | NS      | $362043.44    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                            | Amdocs Ltd                                   | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |      9477 | NS      | $777587.85    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                     | Agree Realty Corp                            | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3407 | NS      | $242033.28    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                 | NXP Semiconductors NV                        | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      1537 | NS      | $350021.01    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co          | Graphic Packaging Holding Co                 | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42443 | NS      | $830609.51    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunzl PLC                             | Bunzl PLC                                    | CUSIP: 000000000<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |     34604 | NS      | $1093736.00   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                | Diamondback Energy Inc                       | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      4274 | NS      | $611609.40    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                     | Omnicom Group Inc                            | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      7360 | NS      | $600060.80    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                        | PulteGroup Inc                               | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5618 | NS      | $742306.34    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica BanCorp                   | Westamerica BanCorp                          | CUSIP: 957090103<br>LEI: 984500CF4F8115C11D96 | Long             | EC               | CORP              | US        |      6405 | NS      | $320185.95    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                   | Northern Trust Corp                          | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      8156 | NS      | $1097797.60   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                           | Toro Co/The                                  | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      6147 | NS      | $468401.40    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank, National Association        | EUR/USD FORWARD                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $4774.40      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Commerce Bancshares Inc/MO            | Commerce Bancshares Inc/MO                   | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19942 | NS      | $1191733.92   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                   | TE Connectivity PLC                          | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |      1710 | NS      | $375396.30    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                       | Xcel Energy Inc                              | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     16317 | NS      | $1315966.05   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                             | Spire Inc                                    | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      8495 | NS      | $692512.40    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                           | Cencora Inc                                  | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       939 | NS      | $293465.67    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                   | Eagle Materials Inc                          | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      2672 | NS      | $622682.88    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Securities LLC                    | USD/EUR FORWARD                              | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |         1 | NC      | $4701.40      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mohawk Industries Inc                 | Mohawk Industries Inc                        | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |      4752 | NS      | $612627.84    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc                    | ABM Industries Inc                           | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |      9676 | NS      | $446257.12    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC           | Reckitt Benckiser Group PLC                  | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |      8631 | NS      | $664604.45    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association | GBP/USD FORWARD                              | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |         1 | NC      | $3109.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dover Corp                            | Dover Corp                                   | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      1188 | NS      | $198194.04    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                     | Eversource Energy                            | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     12472 | NS      | $887258.08    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                 | Southwest Airlines Co                        | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     22850 | NS      | $729143.50    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                        | A O Smith Corp                               | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      6578 | NS      | $482890.98    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC               | GBP/USD FORWARD                              | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $2881.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV         | Koninklijke Ahold Delhaize NV                | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     21235 | NS      | $859263.70    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Coterra Energy Inc                    | Coterra Energy Inc                           | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     26952 | NS      | $637414.80    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                  | Labcorp Holdings Inc                         | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4093 | NS      | $1174936.58   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                     | Allstate Corp/The                            | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      2206 | NS      | $473517.90    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc         | Universal Health Services Inc                | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      3428 | NS      | $700820.32    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                          | Reliance Inc                                 | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      2235 | NS      | $627655.05    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                              | Vinci SA                                     | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |       536 | NS      | $74488.97     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Cognizant Technology Solutions        | Cognizant Technology Solutions Corp          | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      8136 | NS      | $545681.52    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                           | Cummins Inc                                  | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      2308 | NS      | $974829.96    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                    | Equity Residential                           | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     15122 | NS      | $978847.06    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                            | Masco Corp                                   | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      5314 | NS      | $374052.46    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe SA                    | Publicis Groupe SA                           | CUSIP: 000000000<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |      4056 | NS      | $390322.26    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Michelin                              | Cie Generale des Etablissements Michelin SCA | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     10312 | NS      | $371373.60    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Ralliant Corp                         | Ralliant Corp                                | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7575 | NS      | $331254.75    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc        | GE HealthCare Technologies Inc               | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     13455 | NS      | $1010470.50   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc           | Raymond James Financial Inc                  | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |       865 | NS      | $149299.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC              | USD/EUR FORWARD                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $4635.88      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Packaging Corp of America             | Packaging Corp of America                    | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      4535 | NS      | $988312.55    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                | T Rowe Price Group Inc                       | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      5207 | NS      | $534446.48    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund           | BlackRock Liquidity FedFund                  | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   1748531 | NS      | $1748531.16   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp             | Occidental Petroleum Corp                    | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     12757 | NS      | $602768.25    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                   | Emerson Electric Co                          | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      1895 | NS      | $248586.10    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                          | Oshkosh Corp                                 | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      5024 | NS      | $651612.80    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                       | Baker Hughes Co                              | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23669 | NS      | $1153153.68   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc            | Zimmer Biomet Holdings Inc                   | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     20569 | NS      | $2026046.50   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                        | Public Storage                               | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      2846 | NS      | $822067.10    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                           | Gentex Corp                                  | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     13595 | NS      | $384738.50    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc                    | First Hawaiian Inc                           | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     18522 | NS      | $459901.26    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                     | General Mills Inc                            | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      6439 | NS      | $324654.38    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                            | Ventas Inc                                   | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      8841 | NS      | $618781.59    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc          | MSC Industrial Direct Co Inc                 | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |      9585 | NS      | $883161.90    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                 | Quest Diagnostics Inc                        | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      3529 | NS      | $672556.82    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                      | Duke Energy Corp                             | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      4184 | NS      | $517770.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The              | Estee Lauder Cos Inc/The                     | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      8285 | NS      | $730074.20    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                    | Realty Income Corp                           | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     19368 | NS      | $1177380.72   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                        | BorgWarner Inc                               | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     11379 | NS      | $500220.84    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                          | Fortive Corp                                 | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |      5632 | NS      | $275911.68    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                    | Conagra Brands Inc                           | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     28657 | NS      | $524709.67    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                            | PACCAR Inc                                   | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      5676 | NS      | $558064.32    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th        | Hanover Insurance Group Inc/The              | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      1734 | NS      | $314946.42    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                             | ONEOK Inc                                    | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      5058 | NS      | $369082.26    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I        | Reinsurance Group of America Inc             | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |      5914 | NS      | $1136256.82   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC               | EUR/USD FORWARD                              | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $4478.27      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CSX Corp                              | CSX Corp                                     | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     35336 | NS      | $1254781.36   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                    | IQVIA Holdings Inc                           | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |      3152 | NS      | $598690.88    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank, National Association        | USD/GBP FORWARD                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $3003.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Healthpeak Properties Inc             | Healthpeak Properties Inc                    | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     36856 | NS      | $705792.40    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L        | Enterprise Products Partners LP              | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     39135 | NS      | $1223751.45   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                | F5 Inc                                       | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       903 | NS      | $291840.57    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I        | PNC Financial Services Group Inc/The         | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      2642 | NS      | $530857.06    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC              | Willis Towers Watson PLC                     | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | GB        |      3911 | NS      | $1351054.95   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                           | Hexcel Corp                                  | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      6264 | NS      | $392752.80    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken NV                           | Heineken NV                                  | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |      5514 | NS      | $431795.88    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co KGaA                   | Henkel AG & Co KGaA                          | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |      7257 | NS      | $585540.68    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Truist Financial Corp                 | Truist Financial Corp                        | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     26739 | NS      | $1222507.08   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                           | ONE Gas Inc                                  | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     11803 | NS      | $955334.82    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA                      | Pernod Ricard SA                             | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |      6255 | NS      | $615808.60    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Group PLC                     | Ashtead Group PLC                            | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |      6427 | NS      | $431003.62    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Regency Centers Corp                  | Regency Centers Corp                         | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |      3320 | NS      | $242028.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc         | Northwestern Energy Group Inc                | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     19147 | NS      | $1122205.67   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                          | Teradyne Inc                                 | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      6820 | NS      | $938704.80    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                            | Evergy Inc                                   | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     15474 | NS      | $1176333.48   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc            | Mondelez International Inc                   | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      5859 | NS      | $366011.73    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV                         | Akzo Nobel NV                                | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |      5189 | NS      | $370327.08    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| US Bancorp                            | US Bancorp                                   | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     29221 | NS      | $1412250.93   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                   | VICI Properties Inc                          | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     31931 | NS      | $1041269.91   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                   | Kimberly-Clark Corp                          | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      9035 | NS      | $1123411.90   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo SA                             | Sodexo SA                                    | CUSIP: 000000000<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |      6339 | NS      | $399954.35    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Kenvue Inc                            | Kenvue Inc                                   | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     70273 | NS      | $1140530.79   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                | HP Inc                                       | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     30968 | NS      | $843258.64    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                 | Envista Holdings Corp                        | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     23067 | NS      | $469874.79    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                              | ICON PLC                                     | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      1926 | NS      | $337050.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                              | PPL Corp                                     | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |      3253 | NS      | $120881.48    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                 | Norfolk Southern Corp                        | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      2513 | NS      | $754930.33    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc             | Prosperity Bancshares Inc                    | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13834 | NS      | $917885.90    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc                      | Henry Schein Inc                             | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     21541 | NS      | $1429676.17   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc             | L3Harris Technologies Inc                    | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      3077 | NS      | $939746.57    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc              | Essex Property Trust Inc                     | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |       804 | NS      | $215198.64    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                 | Becton Dickinson & Co                        | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      5984 | NS      | $1120025.28   | 1.50%             |  |  |  | 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