# EDGAR Filing Document

**Accession Number:** 0000702340
**File Stem:** 0000940400-25-009801
**Filing Date:** 2025-11
**Character Count:** 13629
**Document Hash:** 6f79a4e0416e571aa9ef8ed6a8c2b1e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009801.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009801

**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:** 251513163

**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

### Aggressive Allocation Fund (Series ID: S000022076)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000063367 | Aggressive Allocation Fund |  |

## Nport-Ex

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

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

#### Aggressive Allocation Fund<br>

---

| | | |
|:---|:---|:---|
|  | **Number of<br> Shares** | &nbsp;&nbsp;**Value†** |
| **AFFILIATED EQUITY FUNDS — 77.6%** | **AFFILIATED EQUITY FUNDS — 77.6%** | **AFFILIATED EQUITY FUNDS — 77.6%** |
| Penn Series Flexibly Managed Fund\* | &nbsp;&nbsp;&nbsp;43612 | &nbsp;&nbsp;&nbsp;&nbsp;$5151438 |
| Penn Series Index 500 Fund\* | 254873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15509029 |
| Penn Series Large Cap Growth Fund\* | &nbsp;&nbsp;&nbsp;11854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574578 |
| Penn Series Large Cap Value Fund\* | &nbsp;&nbsp;62599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3429787 |
| Penn Series Large Core Growth Fund\* | &nbsp;&nbsp;56890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2288696 |
| Penn Series Large Core Value Fund\* | &nbsp;&nbsp;63494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2299112 |
| Penn Series Large Growth Stock Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;31315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3428341 |
| Penn Series Mid Cap Growth Fund\* | &nbsp;&nbsp;&nbsp;27404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1114256 |
| Penn Series Mid Cap Value Fund\* | &nbsp;&nbsp;&nbsp;32929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1135731 |
| Penn Series Mid Core Value Fund\* | &nbsp;&nbsp;&nbsp;69312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2870921 |
| Penn Series Real Estate Securities Fund\* | &nbsp;&nbsp;&nbsp;81664 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2854168 |
| Penn Series Small Cap Index Fund\* | &nbsp;&nbsp;44946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1727279 |
| Penn Series SMID Cap Growth Fund\* | &nbsp;&nbsp;&nbsp;&nbsp;22101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1122268 |
| Penn Series SMID Cap Value Fund\* | &nbsp;&nbsp;&nbsp;26520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1131588 |
| **TOTAL AFFILIATED EQUITY FUNDS<br> (Cost $32,213,040)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**44637192** |
| **AFFILIATED FIXED INCOME FUNDS — 6.9%** | **AFFILIATED FIXED INCOME FUNDS — 6.9%** | **AFFILIATED FIXED INCOME FUNDS — 6.9%** |
| Penn Series Limited Maturity Bond Fund\* | &nbsp;&nbsp;&nbsp;37545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568055 |
| Penn Series Quality Bond Fund\* | 196209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3392462 |
| **TOTAL AFFILIATED FIXED INCOME FUNDS<br> (Cost $3,566,314)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3960517** |
| **AFFILIATED INTERNATIONAL EQUITY FUNDS — 14.7%** | **AFFILIATED INTERNATIONAL EQUITY FUNDS — 14.7%** | **AFFILIATED INTERNATIONAL EQUITY FUNDS — 14.7%** |
| Penn Series Developed International Index Fund\* | 126395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2841349 |
| Penn Series Emerging Markets Equity Fund\* | &nbsp;&nbsp;&nbsp;44033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571994 |
| Penn Series International Equity Fund\* | 109203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5069194 |
| **TOTAL AFFILIATED INTERNATIONAL EQUITY FUNDS<br> (Cost $6,917,362)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8482537** |
| **TOTAL INVESTMENTS — 99.2%<br> (Cost $42,696,716)** |  | &nbsp;&nbsp;**$57080246** |
| **Other Assets & Liabilities — 0.8%** | **Other Assets & Liabilities — 0.8%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**440545** |
| **TOTAL NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$57520791** |

---

------

† 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 Aggressive Allocation Fund

- **b. EDGAR series identifier (if any):** S000022076

- **c. LEI of Series:** 5493006KTEI1RWT9DP39

**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:** $57536431.80

**Total Liabilities:** $62900.98

**Net Assets:** $57473530.82

**Cash Not Reported:** $407000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000063367 | 0.60%                | 1.92%                | 1.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $713193.86               | $-356767.78                                |
| Month 2  | $126544.94               | $956067.75                                 |
| Month 3  | $650287.30               | $414591.99                                 |

### 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 Large Cap Value Fund      | Penn Series Large Cap Value Fund      | CUSIP: 000000000<br>LEI: T4ZMVT2X0OKJVCEE0P88 | Long             | EC               | RF                | US        |     62652 | NS      | $3432722.48   | 5.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MID CORE VALUE FUND                   | MID CORE VALUE FUND                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     69371 | NS      | $2873367.07   | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LARGE CORE VALUE FUND                 | LARGE CORE VALUE FUND                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     63548 | NS      | $2301069.21   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERGING MARKETS EQUITY FUND          | EMERGING MARKETS EQUITY FUND          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     44071 | NS      | $572483.74    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INDEX 500 FUND                        | INDEX 500 FUND                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    255090 | NS      | $15522239.34  | 27.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MID CAP VALUE FUND                    | MID CAP VALUE FUND                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     32958 | NS      | $1136709.28   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEXIBLY MANAGED FUND                 | FLEXIBLY MANAGED FUND                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     43649 | NS      | $5155841.38   | 8.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series Quality Bond Fund         | Penn Series Quality Bond Fund         | CUSIP: 000000000<br>LEI: 6EJYQY10X26QDQ79NP61 | Long             | EC               | RF                | US        |    196379 | NS      | $3395397.80   | 5.91%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVELOPED INTERNATIONAL INDEX         | DEVELOPED INTERNATIONAL INDEX         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |    126503 | NS      | $2843795.78   | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| LIMITED MATURITY BOND FUND            | LIMITED MATURITY BOND FUND            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     37577 | NS      | $568544.41    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SMID CAP VALUE FUND                   | SMID CAP VALUE FUND                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     26542 | NS      | $1132566.17   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| REIT FUND                             | REIT FUND                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     81734 | NS      | $2856614.87   | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SMALL CAP INDEX FUND                  | SMALL CAP INDEX FUND                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     44984 | NS      | $1728747.46   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LARGE CORE GROWTH FUND                | LARGE CORE GROWTH FUND                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     56939 | NS      | $2290653.07   | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SMID CAP GROWTH FUND                  | SMID CAP GROWTH FUND                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     22120 | NS      | $1123246.74   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Series International Equity Fund | Penn Series International Equity Fund | CUSIP: 000000000<br>LEI: 1M74GDLH06HJWJRYBR07 | Long             | EC               | RF                | US        |    109298 | NS      | $5073597.38   | 8.83%             |  |  |  | No            |                  1 | On Loan: No      |
| MID CAP GROWTH FUND                   | MID CAP GROWTH FUND                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     27428 | NS      | $1115234.84   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| LARGE CAP GROWTH FUND                 | LARGE CAP GROWTH FUND                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     11864 | NS      | $575067.32    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LARGE GROWTH STOCK                    | LARGE GROWTH STOCK                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | RF                | US        |     31342 | NS      | $3431276.84   | 5.97%             |  |  |  | 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