# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-26-020268
**Filing Date:** 2026-5
**Character Count:** 11428
**Document Hash:** cb78c38aa563655ff90397dd49979b84
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020268.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020268

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03459
- **FILM NUMBER:** 261007359

**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

### Moderately Conservative Allocation Fund (Series ID: S000022077)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000063368 | Moderately Conservative Allocation Fund |  |

## Nport-Ex

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

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

#### Moderately Conservative Allocation Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **AFFILIATED EQUITY FUNDS — 35.3%** | **AFFILIATED EQUITY FUNDS — 35.3%** | **AFFILIATED EQUITY FUNDS — 35.3%** |
| Penn Series Flexibly Managed Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;46371 | &nbsp;&nbsp;&nbsp;&nbsp;$5335915 |
| Penn Series Index 500 Fund\* | &nbsp;&nbsp;&nbsp;155895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9299143 |
| Penn Series Large Cap Growth Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;14928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663540 |
| Penn Series Large Cap Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;35358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2038046 |
| Penn Series Large Core Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;35265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1342532 |
| Penn Series Mid Core Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;31709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1347322 |
| Penn Series Real Estate Securities Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;73696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2612515 |
| Penn Series Small Cap Index Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679481 |
| Penn Series SMID Cap Value Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;15439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684240 |
| **TOTAL AFFILIATED EQUITY FUNDS<br> (Cost $18,272,936)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**24002734** |
| **AFFILIATED FIXED INCOME FUNDS — 56.6%** | **AFFILIATED FIXED INCOME FUNDS — 56.6%** | **AFFILIATED FIXED INCOME FUNDS — 56.6%** |
| Penn Series High Yield Bond Fund\* | &nbsp;&nbsp;&nbsp;196583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4045678 |
| Penn Series Limited Maturity Bond Fund\* | &nbsp;&nbsp;&nbsp;262494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4050286 |
| Penn Series Quality Bond Fund\* | 1732746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30357716 |
| **TOTAL AFFILIATED FIXED INCOME FUNDS<br> (Cost $34,959,741)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**38453680** |
| **AFFILIATED INTERNATIONAL EQUITY FUNDS — 7.0%** | **AFFILIATED INTERNATIONAL EQUITY FUNDS — 7.0%** | **AFFILIATED INTERNATIONAL EQUITY FUNDS — 7.0%** |
| Penn Series Developed International Index Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;114935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2717062 |
| Penn Series International Equity Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;45809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2006433 |
| **TOTAL AFFILIATED INTERNATIONAL EQUITY FUNDS<br> (Cost $3,876,615)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4723495** |
| **TOTAL INVESTMENTS — 98.9%<br> (Cost $57,109,292)** |  | &nbsp;&nbsp;**$67179909** |
| **Other Assets & Liabilities — 1.1%** | **Other Assets & Liabilities — 1.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**771769** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$67951678** |

---

------

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

## 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 Moderately Conservative Allocation Fund

- **b. EDGAR series identifier (if any):** S000022077

- **c. LEI of Series:** 549300PRTS3W6KKRQP30

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $68187784.13

**Total Liabilities:** $186015.27

**Net Assets:** $68001768.86

**Cash Not Reported:** $779000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063368 | 1.14%                | 1.49%                | -3.31%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $164342.60               | $651511.18                                 |
| Month 2  | $157514.86               | $905053.85                                 |
| Month 3  | $341161.61               | $-2671275.87                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Penn Series Funds Inc | Penn Series Large Cap Growth Fund              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     14979 | NS      | $665814.73    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series SMID Cap Value Fund                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     15490 | NS      | $686515.03    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Index 500 Fund                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    156429 | NS      | $9330992.53   | 13.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Mid Core Value Fund                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     31816 | NS      | $1351871.61   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Large Core Value Fund              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     35384 | NS      | $1347081.63   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Large Cap Value Fund               | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | RF                | US        |     35477 | NS      | $2044870.53   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series High Yield Bond Fund               | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | CORP              | US        |    197246 | NS      | $4059326.92   | 5.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Developed International Index Fund | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    115320 | NS      | $2726162.03   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Quality Bond Fund                  | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | RF                | US        |   1738589 | NS      | $30460087.93  | 44.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series International Equity Fund          | CUSIP: 000000000<br>LEI: 549300GLJSCMRCVZWX45 | Long             | EC               | RF                | US        |     45965 | NS      | $2013257.15   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Small Cap Index Fund               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     17273 | NS      | $681756.15    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Real Estate Securities Fund        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     73952 | NS      | $2621614.49   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Limited Maturity Bond Fund         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    263379 | NS      | $4063935.36   | 5.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Funds Inc | Penn Series Flexibly Managed Fund              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     46529 | NS      | $5354114.81   | 7.87%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Steven Viola

**Name of Signer:** Steven Viola

**Title:** Treasurer